Cross-border payments company TransferWise is now Europe's most valuable fintech startup. The sale of its shares by early investors and staff, including its cofounders, values the UK-based company at $3.5bn (approximately ￡2.8bn). Co-founder Taavet Hinrikus says selling some shares now will allow early backers to cash in without forcing the company to go through the “distraction†of going public.
Brand and Communications at Speedinvest. Former tech correspondent and financial reporter.
Spoke to TransferWise's CFO Matt Briers about the company's recent secondary funding and what it means. The company is now jointly ranked 5th among Europe's most valuable fintechs and it's another exciting step for one of the continent's hottest businesses. You can read more about their expansion plans in the US in my latest for Business Insider. https://lnkd.in/dVqt-9J
Marketing Professional | B2B Marketing | Fintech | Investor | Payments | Founder at Running with Cancer
Cross-border payments company TransferWise has today announced a $292 million secondary round that sees investors value the company at $3.5 billion and crowning it Europe's most valuable fintech. The investment comes at a time when British fintech firms have been attracting significant interest, despite the uncertainties around their ability to offer services in Europe post-Brexit. The funding round was led by growth capital investors Lead Edge Capital, Lone Pine Capital, and Vitruvian Partners. Existing investors Andreessen Horowitz and Baillie Gifford expanded their holdings in TransferWise, whilst investment was also provided from funds managed by BlackRock.
I know big valuations are everywhere these days, but regardless, it's nice to see recognition in the news that we are doing something good! #transferwise https://lnkd.in/etVeKch
Lee Thompson评论了
Not just valuation. But a measure of how valuable we are to our customers! https://lnkd.in/dFF6PvQ
Executive Vice President & India Head | Building Connected, Insights-Driven Businesses
It's amazing that instead of disrupting the space themselves given their market lead + understanding & reach of the customer + trust equity, the 'Goliaths' continue to be challenged and bruised by firms like #TransferWise. With increased global mobility - both of individuals and of businesses, this space was primed for disruption with such a huge opportunity for simplifying, speeding-up, and fostering transparency in the whole process of money transfer across borders. #digitaleconomy #fintech #simplify
Amazing way to get money transferred quickly, efficiently and cheaply. Keep up the great work people..