Money transfer company TransferWise raises further $26M at a $1.1B valuation

Money Transfer Company TransferWise Raises $26M in Fourth Funding Round

TransferWise, the London-based money transfer startup, has raised $26 million in a top-up funding round led by Baillie Gifford. The round brings TransferWise's valuation to $1.1 billion, making it a unicorn company. The funding will be used to improve TransferWise's balance sheet and support its future growth. The company is currently compliant in the US, and is working towards obtaining a banking license there. TransferWise has also been expanding its operations to other countries, including the UK, Europe and the US.

TransferWise Raises $26 Million in Top-Up Funding, Reaches $1.1 Billion Valuation

TransferWise is a London-headquartered money transfer startup and fintech company that offers international money transfers at lower costs than traditional banks. Founded in 2011 by Taavet Hinrikus and Kristo Käärmann, TransferWise uses a peer-to-peer model to facilitate transfers, allowing users to send and receive money in multiple currencies without high fees. The company has experienced rapid growth, expanding to numerous countries and processing billions of dollars in transactions annually. TransferWise has also been recognized as one of the leading fintech companies globally, gaining significant funding and achieving a unicorn status.

A London-based fintech company that offers international money transfers at lower costs than traditional banks.

9 years ago

TransferWise Raises $26 Million in Top-Up Funding, Reaches $1.1 Billion Valuation

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