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
https://www.theblockcrypto.com/tiny/transferwise-value-jumps-to-3-5-billion-after-secondary-funding-round/?utm_source=rss&utm_medium=rss&utm_campaign=default

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