A Fine Example of When a Plan Comes Together
Credit: https://www.flickr.com/photos/hermanwest/ There have been a lot of reports in the press of late about the runaway success of simple money transfer startup TransferWise , which has been gaining significant financial backing from some very serious investors. Among their high profile backers are serial entrepreneur Richard Branson and renowned tech venture capitalist firm Andreessen Horowitz. But why are investors flocking to the company to pump funding into it so readily, and what has set TransferWise apart from the crowd? What's All the Fuss About? Well first up, money transfers are certainly no new phenomenon. In fact the concept dates back to the 19th century from when we get the term “ wire transfer ”, referring to the process of sending a telegraph (via wire) to instruct a receiving bank to dispense transferred funds to the intended recipient. Of course today the term “wire transfer” is a little outdated but we still use it to describe situations where we transfe