The London headquartered money transfer service, TransferWise today announced secondary funding of $292 million (€261 million), confirming its status as one of the world’s fastest growing, profitable technology companies. With this investors are now valuing the company at $3.5 billion (approx. €3.13 million). To date, the company has raised $689 million (approx. €617 million) in primary and secondary funding.
The 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. Investment was also provided from funds managed by BlackRock.