London based remittance startup has completed a $292m secondary sale at a $3.5b valuation, a significant increase from its $1.6b valuation from 2017. The secondary purchases was led by Lead Edge Capital, Lone Pine Capital, Vitruvian Partners, and BlackRock.
Financial tech startup TransferWise announced on Wednesday it raised $292 million in the secondary sale, bringing its funding to $689 million to date. Investors Lead Edge Capital, Lone Pine Capital, Vitruvian Partners and BlackRock (through funds it manages) led the investment, while Andreessen Horowitz and Baillie Gifford expanded their stakes. The company didn’t disclose who exactly sold in the transaction, which didn’t offer new shares but instead offered “secondary,” or existing shares, held by early employees and investors.