There was an article on another Hungarian portal about the two big fintech rivals, if TransferWise or Revolut performs better in the money exchange and transfer business. Because I have invested in TransferGO, I thought it is a good idea to compare my baby with them.
So far it seems it performs better. I’ve made a few shots for evidence:
TransferGO:
Revolut:
TransferWise:
It seems that TransfeWise performed not so well. The costs are too high. Revolut seems to be a better option, but still TransferGO perfomed the best. You can see that even with the same exchange rate (TW) or better exchange rate(Revolut) does not make any change. The costs are the main factors.
BTW TransferWise increased its costs by 18th June again:
But, there is a huge differenct between TransferWise and the others. TransferWise promises that the money will arrive by tomorrow, while the others needs 2 to 3 days do achieve this.
TransferGO had a crowdfunding round last October on SeedRS, I wrote an article about that. Unfortunately the due diligence finished only in April, and the investors received their share certificates only 30th April.