If you don’t care too much about loyalty programs, chances are that you’ve been relying on platforms like Booking.com and Expedia to find the cheapest flights and hotel rooms. Moneytis wants to do the exact same thing, but for foreign exchange services.
TransferWise is arguably the biggest consumer brand in international transfers. Instead of telling your bank to send money to your bank account, you send money to TransferWise first. The startup then converts the amount and transfers your money to the other account abroad.
It’s been an eye-opening experience for many consumers who realized that they’re getting screwed by banks, Western Union, Moneygram, etc.
But TransferWise is just one player in this space. For instance, while the startup is usually quite competitive when you want to convert GBP into EUR, it’s not as competitive when you want to send money from the U.S. to Europe. Other services, such as CurrencyFair let you keep more money at the end of your…