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London based money transfer firm is now valued at $5b following a secondary share sale led by Lone Pine Capital and D1 Capital Partners, highlighting increased investor appetite for online payments amid the coronavirus pandemic.
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“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,” said Kristo Kaarmann, TransferWise’s CEO and co-founder. “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.”
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