Wise (company)
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Wise (company)
Wise (formerly TransferWise) is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011. History Wise was founded by Taavet Hinrikus (Skype's first employee) and financial consultant Kristo Käärmann. Its system has been compared to the hawala money transfer system. In its first year of operation, transactions through Wise amounted to €10 million. In 2012, Wise was named as one of "East London's 20 hottest tech startups" by ''The Guardian'', Start Up of the Week by ''Wired UK'', one of five "start-ups to watch" at Seedcamp's 2012 US Demo Day by TechCrunch, and appeared in Startups.co.uk's list of the top 100 UK start-ups of 2012. In April 2013, Wise stopped letting users purchase Bitcoin, citing pressure from banking providers. Independent comparison site Monito reported that Wise was on average 83% cheaper than the big four UK banks on major currency "routes", but could be up to 90% cheaper in ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ...
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Peter Thiel
Peter Andreas Thiel (; born 11 October 1967) is a German-American billionaire entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. , Thiel had an estimated net worth of $7.19 billion and was ranked 297th on the Bloomberg Billionaires Index. He worked as a securities lawyer at Sullivan & Cromwell, as a speechwriter for former U.S. Secretary of Education William Bennett and as a derivatives trader at Credit Suisse. He founded Thiel Capital Management in 1996. He co-founded PayPal with Max Levchin and Luke Nosek in 1998, serving as chief executive officer until its sale to eBay in 2002 for $1.5 billion. After PayPal, he founded Clarium Capital, a global macro hedge fund based in San Francisco. In 2003, he launched Palantir Technologies, a big data analysis company, serving as its chairman since its inception. In 2005, he launched Founders Fund with PayPal partn ...
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Seedcamp
Seedcamp is a European seed-stage venture capital fund, headquartered in London, launched in May 2007 by a group of 30 European investors. The fund's Managing Partners are Reshma Sohoni and Carlos Espinal. As of August 2017, Seedcamp has a portfolio of over 250 companies who have gone on to raise over $1Bn in follow-on funding from leading investors across the globe. In November 2017 Seedcamp announced the first close of its fourth fund at £41M - over 20x larger than the investor's first a decade earlier - with the plan to invest in 100 new startups from across Europe. Seedcamp's notable investments include Wise, Revolut, and UiPath. History Seedcamp was originally created by Saul Klein and Reshma Sohoni. Participating VCs and advisors in Seedcamp's launch included Index Ventures, Atomico Investments, Atlas Venture, Balderton Capital, TAG, Forsyth Group and Brown Rudnick. Carlos Espinal joined as Partner in 2010. In 2014, Seedcamp announced a €20million Seed fund, which ...
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Wonga
Wonga may refer to: Species * Wonga pigeon, a pigeon that inhabits areas in eastern Australia * ''P. pandorana'' (wonga vine), a species of the genus ''Pandorea'' Places in Australia Queensland * Wonga, Queensland, a town in Queensland * Wonga Beach, Queensland, a locality in Queensland Victoria * Wonga, a town in South Gippsland Shire, Victoria *Wonga Park, Victoria, a suburb of Melbourne, Victoria *Arthurs Seat, Victoria, a mountainous and small locality, indigenous name Wonga Other uses * Wonga, a British slang term for money * Simon Wonga (1824–1874), aboriginal elder * 2004 Equatorial Guinea coup d'état attempt or Wonga coup * Wonga, a contest on the UK television show ''The Big Breakfast'' * Wonga.com Wonga.com, also known as Wonga, was a British payday loan firm that was founded in 2006. The company focused on offering short-term, high-cost loans to customers via online applications, and began processing its first loans in 2007. The firm op ..., a UK high-in ...
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David Yu
David Yu (born 6 November 1967) is the former chief executive officer of Internet betting exchange Betfair and a tech investor. Education and early career Yu studied computer science at UC Berkeley and Stanford. He moved to London from California in 2000 at the behest of his employer Alta Vista. Betfair He became chief technology officer of Betfair in 2001. He was promoted to the position of CEO in January 2006 during a turbulent time for the company that saw the shakeup of the positions of CEO and Chairman with Sir Robert Horton (businessman), Robert Horton being forced out as Chairman. As an information technology, IT guy, Yu's promotion to the helm was unusual. He took the company public on the London Stock Exchange in October 2010. David Yu stood down as CEO and from the Board on 31 December 2011 after a 60% drop in share value in the year after listing and the subsequent appointment of Breon Corcoran as his replacement. Tech investor He is an early stage tech investor. He was ...
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