International money transfer is a massive consumer rip-off. Banks and companies like Western Union have gotten away with it for too long.

In 2011, when we launched TransferWise, it was our frustration with banks not giving us what we wanted or needed as customers. The motivation was a strong desire to solve a problem and not just fix something that was broken but create a better alternative and a new system for doing things.

While in two very different sectors, both Skype and TransferWise were born out of frustration.

Taavet Hinrikus Quotes