As reported by the FT - 3yr old TransferWise which lets people send money to one another internationally in 39 different countries is now worth $1B. They are growing 20-30% per month and the average value per transaction is £1,500.
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TransferWise Could Be London's Next Billion Dollar Startup
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The Financial Times reports that US venture capital firm Sequoia Capital is in "advanced discussions" with TransferWise to invest $50 million, and sources involved in the talks claim that the company's valuation is close to $1 billion dollars. Sequoia Capital isn't the only company interested in TransferWise, though. The Financial Times' sources claim that other US VC funds have expressed interest.
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