TransferWise is understood to be valued at around $1.6 billion (£1.2 billion) in the latest funding round, making it one of Britain's most valuable tech startups. The company, founded in 2011, allows people to cheaply and easily send money abroad online. TransferWise transfers over £1 billion across 750 currency routes each month. The business said in May it is on track to do £100 million in revenues this year and is profitable.

http://www.businessinsider.com/transferwise-fundraising-old-mutual-ivp-valuation-2017-11?r=UK&IR=T