The company is considered to be a chief competitor to MoneyGram and Western Union. In a new investing round, Vitruvian Partners, Lone Pine Capital and Lead Edge Capital purchased shares from investors, while Andreessen Horowitz and Baillie Gifford each upped their holdings. TransferWise now has 5 million customers.
Read the full article from CNBC.
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At $3.5B, TransferWise is Now Europe’s Top Fintech Startup
TransferWise is now Europe’s most valuable fintech start-up, after being valued at $3.5 billion. So reports CNBC.
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