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News

19 April 2013

Skype founder backs TransferWise with $100m free cash transfers

The founder of Skype and one of the biggest beneficiaries of the Facebook float have backed a plan to provide European start-ups with $100 million (£65 million) of free international cash transfers.

TransferWise, a technology company founded by Taavet Hinrikus, who was Skype’s first employee, will hand $100,000 of free international money transfers to 1,000 start-ups in the hope that the offer will boost its credibility in the technology sector against traditional banks.

http://www.thetimes.co.uk/



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