I Raised 6 Figures And Built A $140K/Year Money Transfer Comparison Website

January 8th, 2022
Jonathan Merry
$11.5K
revenue/mo
1
Founders
12
Employees
MoneyTransfers.com
from London
started February 2019
$11,500
revenue/mo
1
Founders
12
Employees
market size
$16.3B
starting costs
$11.7K
gross margin
90%
time to build
210 days
growth channels
SEO
business model
content-library
best tools
Twitter, Evernote, Slack
time investment
Full time
Discover what tools recommends to grow your business!
social media
productivity
Discover what books Jonathan recommends to grow your business!
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Hello! Who are you and what business did you start?

My name is Jonathan Merry, I’m 25 years old and I started the comparison website, MoneyTransfers.com. For as long as I can remember I have always been a very driven individual and confident in my abilities. I guess you could say the entrepreneurial mindset was ingrained in me from an early age because it certainly runs in my family. My Mum founded a homeless charity in East London and both my brothers started their own companies too.

Having grown up seeing my mother at the helm of a public-spirited organization that provided a service for those in need, I learned the value of building a company focused on helping individuals. Although remittance advice is not on the same scale as a homeless charity, I instinctively knew I wanted to run a business that helped its customer base.

My professional background is in web development and I started out working for a company that operated several comparison sites in the foreign exchange trading space, so I learned all about affiliate and comparison operations during my time there. I worked as a web developer for several years before moving into a digital marketing role at a start-up. From there I progressed...

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