Category: TransferWise

TransferWise confirms new $5B valuation following $319M secondary share sale
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TransferWise confirms new $5B valuation following $319M secondary share sale

TransferWise, the London-headquartered international money transfer service, is disclosing that it is now valued at $5 billion by private investors, confirming an earlier Sky News report. The new valuation represents an increase of 43% since May 2019, and has been triggered by a further $319 million in secondary share sales. Leading the “secondary” share round…

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TransferWise to offer investment products but has ‘no plans’ to become a bank
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TransferWise to offer investment products but has ‘no plans’ to become a bank

TransferWise, the London-headquartered international money transfer service recently valued at $3.5 billion, has secured an additional license with U.K. regulators to enable it to offer investment products in the future. This will mean that U.K. customers who have money deposited in a TransferWise multi-currency or so-called “borderless” account will be given the option to make…

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