Transferwise reaches $5bn valuation

July 30, 2020 | FinTech

Written by FinTech Alliance

Transferwise reaches $5bn valuation

UK FinTech TransferWise is now worth $5bn following a secondary share sale.

In Brief:

  • It completed a $319mn secondary share sale this week.

  • The sale was led by D1 Capital Partners and Lone Pina Capital.

  • Shares were sold by employees and other existing shareholders.


What does this mean?

The uptake of the share sale shows that enthusiasm for FinTech payment solutions is still there despite Covid-19 uncertainty. TransferWise’s new valuation is up from $3.5bn just last year.

Read more here.

More in FinTech

Dutch FinTech for charities to raise up to €3mn this year
FinTech
August 07, 2020

Dutch FinTech for charities to raise up to €3mn this year

Amsterdam FinTech Kinder has raised almost £500,000 and wants to raise more this year. In B...

Starling set to make a profit by 2021
FinTech
August 07, 2020

Starling set to make a profit by 2021

Starling Bank has published its latest report and is on track for profitability despite the challeng...

Contis applies for £35mn BCR funding  
FinTech
August 06, 2020

Contis applies for £35mn BCR funding  

Contis has applied for funding from the RBS Capability and Innovation Fund.   In Brief:...

FinTech
July 29, 2020

Unleashing the potential of FinTech in banking

The FinTech industry attracted over US$13.1b in VC-backed investments in 2016, about five times...

FinTech
May 27, 2020

West Midlands FinTech Ecosystem Report 2020

This report focuses primarily on the activity in the geographical area covered by the West Midlands...

FinTech
May 27, 2020

Fintech Banking Spotlight on Capital Structure

Fintech Sector: Capital Structure Observations • As the global economy starts to digest the...

FinTech North Manchester Vulnerable Customers Forum

FinTech North Manchester Vulnerable Customers Forum

When: Sep 18th, 2020
Where: Webinar, London , UK
Price: FREE
FinTECH4Life

FinTECH4Life

When: Nov 16th - Nov 17th, 2020
Where: The Brewery, London
Price: £999
FinTech Connect 2020

FinTech Connect 2020

When: Dec 02nd - Dec 03rd, 2020
Where: ExCel London, London
Price: FREE