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" While in two very different sectors, both Skype and TransferWise were born out of frustration. "

Taavet Hinrikus

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" There's most definitely a Davos bubble. You're in a small Alpine town that, for just four days in January, sees its population tripled with world leaders, CEOs, media, police, the army... and a whole bunch of people who aren't invited but just come to hang out. "

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" I was pretty vocal about being anti-Brexit before the referendum vote. "

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" If the U.K. leaves the E.U., we'll have to consider whether it makes business sense to stay headquartered here. "

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" Traditional consumer finance has been unfair for decades. Banks have had a monopoly on financial services and have been able to overcharge and underserve consumers. "

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" There are so many instances in banking where 'free' simply doesn't mean free, whether it's opaque overdraft charges or credit card providers that are quietly raising interest rates without customers noticing. "

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" Sometimes, companies are better placed than politicians and governments to make change happen. That doesn't mean that they should not be held to account and follow international rules. But with the right motivation, they can be the force for change. "

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" As technology progresses, I believe that fintech will fundamentally change finance. "

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" Banks are really bad when it comes to building consumer-centred products. "

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" Competition and variety in financial services are always good things. "

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" There are lots of people building the next TransferWise, not in a sense of competing with us but in a sense of building large, successful companies that are doing something important. I just enjoy helping these founders navigate the journey. "

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" Historically, people have flocked to Silicon Valley because of the belief that that's where the latest innovation is happening. It's a snowball effect. "

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" The world is getting smaller thanks to technology. "

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" The world is becoming more global. More than ever, people are proactively deciding where to live, where to study, where to work. Sometimes it's out of necessity, sometimes it's out of choice. "

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" The fact that Skype was founded in Estonia, the fact that Skype had a successful exit, which meant that Estonia benefited in a major way, meant that entrepreneurship became legitimate. There were more than a thousand people who either worked or had worked at Skype who had seen what it takes to build a global business. "

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" Creating a new country from scratch has given Estonia the license to imagine what a country could be. "

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" As a consumer, I'm definitely waiting for what's going to come after banks. "

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" There's the risk of a serious case of FOMO at a place like Davos. "

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" In 2011, when we launched TransferWise, it was our frustration with banks not giving us what we wanted or needed as customers. The motivation was a strong desire to solve a problem and not just fix something that was broken but create a better alternative and a new system for doing things. "

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" The U.S.A. is a huge market which has a large immigrant population from Europe, India, from all around the world; lots of them have, still, strong ties to home, so move lots of money. "

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" If the hard Brexit happens, I would assume that London wouldn't be the centre of the tech world in Europe. "

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" For Estonia, joining Europe meant our potential as a country increased - not decreased - because of that connectedness. "

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" Talent is a complex subject: from the education our kids get in kindergarten and beyond to the re-skilling of some parts of the workforce; from the opportunities available for research to how we attract the best people to work in our companies. "

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" We're living in a world where international governance is failing to overcome borders, but technology is succeeding in removing them. "

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" We built TransferWise focused on customer innovation. That means we build our product based first and foremost on our customers. "

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" The banks never sent me one chequebook. I'm very happy not to have ever touched one. "

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" Being a 'global citizen' is not something reserved for the global elite anymore. Thanks to the democratising power of technology, it's not a trend determined by privilege or even age but by attitude. "

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