Like a lot of good stories, this one starts with two friends (and they`re both from Estonia!) Taavet was the first employee at Skype and got paid in euros. But he lived in London and needed pounds to pay the bills. Kristo worked for Deloitte and lived in London. He got paid in pounds. But he had a mortgage back in Estonia. And he needed to pay that in euros.Every month they moved their money abroad through banks. It was wasting them time and costing them money. So they invented a beautifully simple workaround that became a billion-dollar business.
Like a lot of good stories, this one starts with two friends (and they`re both from Estonia!) Taavet was the first employee at Skype and got paid in euros. But he lived in London and needed pounds to pay the bills. Kristo worked for Deloitte and lived in London. He got paid in pounds. But he had a mortgage back in Estonia. And he needed to pay that in euros.Every month they moved their money abroad through banks. It was wasting them time and costing them money. So they invented a beautifully simple workaround that became a billion-dollar business.
