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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Fintech unicorn TransferWise announces a new $319m secondary share sale round
“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.”
