Saturday, June 22, 2024

a profitable Fintech?

By DAC000 , in Fintech Paytech , at September 24, 2020 Tags: ,

Yup, payment services firm Transferwise has had four straight years of profitability and for a very simple reason: they provide a single, necessary service and do it well. In other words, unlike other, loss generating Fintechs who relentlessly add features or recklessly expand, Transferwise had a plan and executed it. About a three minute read.

Comment: of course it doesn’t hurt that Transferwise makes a profit from every transaction either. Excellent service. I use Transferwise and they’re much better than other services I’ve tried.