TransferWise value jumps to $3.5 billion after secondary funding round

Fintech TransferWise has wrapped up a $292 million secondary funding round, Reuters writes. The company’s valuation doubled to $3.5 billion.

Secondary funding means no new funds have been brought in—instead, some existing investors sold part, or all, of their holdings. According to TransferWise CEO and co-founder Kristo Käärmann, this move helped the company bring in shareholders who are “more in line with its stage of growth.”

Original source

Add comment

Please Sign in to be able to leave comments.