A decade after its launch, London-based TransferWise has modified its title to Clever. The transfer comes because the cross-border remittance agency prepares for an IPO later this yr.
Clever is already directing clients to its renamed web site, and it is within the technique of redesigning its cell app to replicate the brand new title, the corporate stated in a Monday weblog submit.
The B2B aspect of the corporate additionally has been renamed Clever Enterprise, however no providers will likely be altered across the title change, stated Kristo Käärmann, Clever’s co-founder and CEO, within the announcement.
Since its launch in 2011, Clever has enrolled 10 million clients for cross-border funds, with providers that embrace a multicurrency account and debit card enabling customers to spend funds in any forex, Käärmann stated within the weblog submit.
Bloomberg
Clever customers additionally could use their account to obtain direct debits, funds from employers in additional than 30 international locations, and to carry funds in 50 completely different currencies.
Clever, which was not too long ago valued at about $5 billion, final month employed Goldman Sachs and Morgan Stanley to steer the corporate’s upcoming IPO.
