€10m Transferwise blows a raspberry at bankers

London-based peer to peer currency exchange Transferwise has passed €10 million in transactions, saving customers nearly half a million Euros in fees that would have otherwise landed in the hands of the banking industry.

How Transferwise turns currency exchange upside down

London startup Transferwise wants to be the Skype of currency exchange, disrupting existing services that charge customers heavily for moving their money. But can its low-cost, peer-to-peer approach really succeed?