Kristo Käärmann's Biography

Kristo Käärmann is a prominent Estonian entrepreneur and fintech innovator, best known as the co-founder and CEO of Wise (formerly TransferWise), a global leader in low-cost international money transfers. Born on November 25, 1980, in Estonia, Käärmann studied computer science at the University of Tartu before embarking on a career in financial technology. His breakthrough came in 2011 when he and Taavet Hinrikus launched Wise to address the high fees and inefficiencies in traditional banking, making cross-border payments faster and more affordable for millions worldwide. Under his leadership, Wise grew from a startup into a publicly listed company on the London Stock Exchange, achieving unicorn status and revolutionizing the fintech landscape. Käärmann's vision and dedication to transparency have earned him numerous awards, including a spot on Forbes 30 Under 30 Europe. Despite facing regulatory scrutiny over a tax default, he has continued to advocate for consumer empowerment in finance. Apart from business, Kristo enjoys cycling, technology, and travel. With an estimated net worth of over $1.1 billion as of 2024, he remains a key figure in Europe's technology and business scene, inspiring aspiring entrepreneurs globally.