TransferWise co-founders receive award in London ({{commentsTotal}})

Taavet Hinrikus and Kristo Käärmann, the Estonian co-founders of international money transfer firm TransferWise, were named EY Entrepreneur Of The Year UK 2015 winners.

The award recognises leaders of a young company that demonstrate innovation, strategic direction, entrepreneurial vision, financial performance, passion and social impact. The awards program runs in 145 cities in more than 60 countries.

London-based TransferWise was praised by the judging panel for its simple but innovative approach to disrupting the traditional payments industry.

“It’s a great achievement by the whole team to win this award. We’re only at the beginning of our mission of making the world of finance a little fairer. Our goal is to bring low-cost, fast and fair international money transfers to everyone who needs to send money abroad,” Käärmann said, upon collecting the award.

TransferWise was launched in 2011 in London by Hinrikus and Käärmann, who were frustrated with the fees charged by banks on international money transfer.

EY Entrepreneur Of The Year is sponsored by Ernst & Young, multinational professional services firm headquartered in London.

Editor: S. Tambur

Opinion digest: Our plans do not have to bend to distorted Russophobia

In a recent opinion piece in Postimees, small business-owner and Reform Party member Vootele Päi responded to criticism sparked by Prime Minister Jüri Ratas' plans to attend a commemorative concert-service at the Estonian church in Saint Petersburg next month.

Kallas, Kasemets, Maasikas: EU is strong, no upside to losing the euro

Speaking on Vikerraadio's "Reporteritund" ahead of the 60th anniversary of the Treaty of Rome, Siim Kallas, Keit Kasemets and Matti Maasikas agreed that despite its prblems, the EU remained strong as a union.