Described as "top-up funding," London based money transfer service TransferWise has raised $26m led by investment management firm Baillie Gifford, with participation from existing investors. The company is officially part of the unicorn club, as TechCrunch as confirmed the round values TransferWise at $1.1bn.
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TransferWise raises $26m of funding, joins unicorn club
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“I’ve never referred to our valuation as being a compliment, or flattering or important in any way,” he told me. Regards today’s funding round — which I heard actually closed a couple of months ago, and brings total raised by TransferWise to $117 million — Hinrikus told me it will be used to improve the loss-making startup’s balance sheet as it continues to plough all revenue into future growth.
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