This is not the first time that Hinrikus and Käärmann, both Estonians, have swapped the CEO role at the firm that now lets people in 38 countries send money, and has the facilities to receive money in 61 countries.
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Taavet Hinrikus hands over CEO reins at TransferWise to cofounder Kristo Kaarmann
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The company’s last round valued it at $1.1 billion, and Hinrikus projected that this year it will be doing $100 million in revenue. At the same time, the company is still in growth mode and other things are still in flux. The company launched “Borderless” accounts in May of this year for small businesses who make regular international transactions, and that product is expanding later this year with Borderless accounts for individuals and payment cards.
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