TransferWise Reaches $3.5 Billion Valuation After Secondary Stock Sale26

BlackRock and other large investment funds have acquired a $292 million stake in TransferWise, a cross-border money transfer service that has grown rapidly since launching in 2011, and is a star of Europe’s startup scene.

In an announcement on Wednesday, London-based TransferWise said the stock purchase put the value of the company at $3.5 billion, which is double its last reported valuation.

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