Today we will talk with Cristo Kaarmann, co-founder and CEO of TransferWise for finance moving.

When our hero scolded himself for being “incredibly stupid,” he still did not realize that this would push him to an mind for a company that is consider to be cost more than £ 1.2 billion.

In 2008, the then 28-year-old Estonian worked in England as a staff consultant when he received a very large Christmas bonus of £ 10,000.

Since interest pace were bigger in Estonia, he distinct that he would moved cash from his current account in the UK to his Estonian savings account in order to get more money. Faced with banks and their commission.

Irritated by himself, he promised to think of a way to moved money abroad, which excluded banks from the link.

At first, this concerned only his and his Estonian friend, who at that time held the post of director of the telecommunications company Skype, unofficially moving finance between themselves.

It worked as he often desired to exchange pounds sterling for kroons, national money at that time and vice versa for his friend. They simply chose what the mean market conversation pace was – the mean conversation pace on any day.

Soon they created a network of Estonian friends  and realized that they could do business with it.

So, in 2011, they started the TransferWise website in London, a website dedicated to financial apply or fintech, which allows users to moved cash abroad to another value at an average market pace with a fixed commission of 0.5%.

Today, TransferWise is a world trade, with partners including Virgin boss Sir Richard Branson and co-founder of PayPal, Max Levchin.