Former Netflix CFO Joins TransferWise Board of Directors

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ByG. Dautovic
July 19, 2019

TransferWise, an Estonian fintech firm that specializes in low-cost, easy-to-use technology for international money transfers, has announced that it is adding two non-executive members to its board of directors.

The first new arrival is the former CFO of Adyen, Ingo Uytedhaage, who will chair the board’s audit and risk committee. The second will be David Wells, the former CFO of media streaming giant Netflix.  

Before this expansion, the board of directors was composed of company founders Taavet Hinrikus and Kristo Käärmann plus two of its leading investors, Alex Rampell from Andreessen Horowitz and Roger Ehrenberg from IA Ventures.

Just two months ago, TransferWise closed a second-round fundraising campaign at $292 million, increasing the company’s total value to $3.5 billion. With that round of financing complete, total funding reached $689 million, including investments from notable players like Richard Branson, Valar Ventures, and PayPal co-founder Max Levchin.

TransferWise has served over 5 million customers and currently transfers more than $5 billion per month. It has become one of the most successful and well-known fintech startups in Europe.

Co-founder Käärmann says that continued investor trust represents an opportunity for TransferWise to bring on the right people for the company’s next phase of growth. 

TransferWise has been on a hiring spree lately. The company seeks to hire 750 additional employees in the next 12 months.  

About author

I have always thought of myself as a writer, but I began my career as a data operator with a large fintech firm. This position proved invaluable for learning how banks and other financial institutions operate. Daily correspondence with banking experts gave me insight into the systems and policies that power the economy. When I got the chance to translate my experience into words, I gladly joined the smart, enthusiastic Fortunly team.

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