Fintech Transferwise has announced secondary funding of $292m (€262m), doubling current valuation to $3.5bn (€3.1bn). Fintech Transferwise has announced secondary funding of $292m (€262m), doubling current valuation to $3.5bn (€3.1bn). The round was led by growth capital investors Lead Edge Capital, Lone Pine Capital and Vitruvian Partners. The group, which was started by two friends who were trying to cut cross-border currency costs, has raised $689m in primary and secondary funding to-date. The round provides a way for these investors to buy in, alongside rewarding some of the earliest contributors who’ve been with us since the beginning.”Online Editors

Source: Irish Independent May 22, 2019 08:22 UTC