LONDON: TransferWise, the London fintech startup valued at close to $1 billion (£660 million), quietly changed CEO in September.
Co-founder Taavet Hinrikus has taken over from fellow founder Kristo Käärmann as the boss of the international money transfer business.
Business Insider spotted the change on TransferWise’s current “About” page.
Business Insider contacted TransferWise for comment on its CEO change. It told us that there had been operational changes, but downplayed any serious consequences from the move:
A couple of months ago the founders changed their roles slightly. We’re growing fast and we constantly look across the company to see how we can enable our teams to have the biggest impact. That goes for the founders too. We try different things to figure out what works best and gives us the fastest speed and the best outcome. It’s a change in how the founders work together – but nothing has changed in the way that we execute towards the vision.
