> I would also doubt very much that their cost base is very optimised at the moment, so I would think profit is very doable. I agree. Until recently they were

> I would also doubt very much that their cost base is very optimised at the moment, so I would think profit is very doable. I agree. Until recently they were literally paying users to open an account and recruit new customers. You could exchange up to £5000/month for free (now only £1000). And if you need to make a big single transfer, for instance while moving to a different country, paying one year of premium membership can still be cheaper than Transferwise's fee on that single transaction.