TransferWise Raises $292mn in Secondary Funding

UK based payments fintech TransferWise has upped their valuation to $3.5bn with a secondary funding raise of $292mn; the round was led by Lead Edge Capital, Lone Pine Capital and Vitruvian Partners, BlackRock, Andressen Horowitz and Baillie Gifford also participated in the round; the company will use the funds to take on 750 more staff over the next year; “TransferWise is experiencing phenomenal growth and this investment is testament to that,” says Kristo Käärman, Chief Executive and Co-Founder, to The Telegraph. “We don’t need to raise funds on this trajectory, but we’re humbled by the persistent level of interest.” Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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