$1 billion hidden transaction costs in The Netherlands
TransferWise is a worldwide leader when it comes to international money transfers. The startup was founded in 2011 by Taavet Hinrikus, Skype's first employee, and is currently active in over 40 industries.
The company has not received much media coverage in the Netherlands yet. Various concepts were developed to ensure that the company was put in the limelight with a clear and concise story. Research conducted by an autonomous research agency revealed more than one billion euros in hidden transaction costs across international money transfers.
The conducted research was picked up by national news, business, and industry related media. and led to interviews with the spokesperson of TransferWise.