CurrencyFair vs Wise

May 29, 2023 | Author: Sandeep Sharma
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CurrencyFair
CurrencyFair
CurrencyFair - cheap, fast and secure international bank transfers. Send funds to our client account using a free and quick local transfer. Avoid costly foreign exchange fees when sending money abroad - 90% cheaper than banks
10
Wise
Wise
Enter how much you're transferring and where to. You can send to your own account abroad or another person or business. Banks charge a lot for overseas transfers. We don't. Transfer money abroad easily and quickly with our low cost money transfers.

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Top 10 Online Payment platforms
CurrencyFair and Wise (formerly known as TransferWise) are both popular online money transfer services that provide efficient and cost-effective options for sending money internationally. CurrencyFair operates as a peer-to-peer marketplace, matching users looking to exchange currencies directly with each other, resulting in lower exchange rates and fees compared to traditional banks. It offers transparent pricing and allows users to set their own exchange rates. On the other hand, Wise uses a different approach by operating with a pool of funds in different countries, allowing for fast and low-cost international transfers. It provides real-time exchange rates and offers competitive fees, making it a convenient option for individuals and businesses.

See also: Top 10 Online Payment platforms
CurrencyFair vs Wise in our news:

2015. Money transfer service CurrencyFair raised €10 Million



Dublin-based startup CurrencyFair, specializing in money transfer and currency exchange, has secured an additional €10 million in funding. The company intends to utilize the extra capital to capitalize on the growing market demand for peer-to-peer currency transfer. With the emergence of numerous startups leveraging technology and reduced margins to provide alternatives to traditional banks and legacy foreign exchange (FX) companies like Western Union, CurrencyFair aims to expand its offerings to encompass a greater number of currency corridors. Currently, CurrencyFair focuses on facilitating money transfers between the United Kingdom, Europe, and the Asia-Pacific region. Notably, TransferWise, CurrencyFair's primary competitor, has also recently raised $58 million in additional funding.

Author: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com