Announced
Completed
Financials
Sources
Tags
United Kingdom
Acquisition
Private Equity
FinTech
Friendly
electronic payment services
financial service providers
Completed
foreign exchange trades
Minority
foreign exchange facilitator
Private
Single Bidder
Venture Capital
Synopsis
Private equity firms Lone Pine Capital, and D1 Capital Partners, led a $319m funding found in TransferWise. The round also saw investment from existing investors including Vulcan Capital, LocalGlobe, Fidelity, and Baillie Gifford. "We’ve been funded exclusively by our customers for the last few years and we didn’t need to raise external funding for the company. This secondary round provides an opportunity for new investors to come in, alongside rewarding the investors and employees who’ve helped us succeed so far," Kristo Käärmann, TransferWise Co-Founder and CEO.
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