Kabbage
Kabbage, now part of American Express, was a financial technology company that provided online lending and financial solutions primarily to small businesses.
San Francisco, USA
Public company
Founded in 2011
Employees 4411
B2C
COUNTRIES
USA 🇺🇸
activity
60M monthly visits
REVENUE
$846M 2022 Annual Revenue
founder(s)
Taavet Hinrikus, Kristo Käärmann
COUNTRIES
USA 🇺🇸
REVENUE
$846M 2022 Annual Revenue
activity
60M monthly visits
founder(s)
Taavet Hinrikus, Kristo Käärmann
license
Electronic Money Institution
EMI license allows companies to provide electronic money services, such as issuing electronic wallets and facilitating electronic payments.
TECHNOLOGIES
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iOS development
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React Native
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Android
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Flutter
services
Foreign exchange
Foreign exchange (Forex) facilitates the trading of currencies, allowing businesses and individuals to exchange one currency for another at an agreed-upon rate.
International transfers
International transfers involve the movement of funds across borders, typically facilitated by banks or financial institutions, for purposes such as remittances or business transactions.
UNIQUE SELLING PROPOSITION
TransferWise offers two primary value propositions: innovation and cost reduction. The company created a solution that consumers never imagined was possible for their problem – paying high bank fees for frequent transactions.
FUTURE PROSPECTS
Wise has been consistently expanding its global footprint. Given the global nature of remittances and international money transfers, there are still many markets to enter. Collaborations with banks or other financial institutions could provide Wise with additional distribution channels and a more extensive customer base.