The firm is valued at $3.5 billion after a funding round from investors including BlackRock. 'We're likely to go public at some point,' the CFO says.
One of the largest fintechs in Europe has boosted its valuation following a secondary funding round from investors including BlackRock.
Transferwise today announced it had secured secondary funding worth $292 million, making it the fifth most valuable unicorn on the continent. "We will be further expanding in the US sooner rather than later," Briers said in the interview. The fintech, founded in 2011, is now valued at $3.5 billion. BlackRock managed funds also piled into the fundraising.
Part of the expansion will include the hiring of some 750 staff in the next 12 months, adding to an existing 1600 global workforce. The company also plans to boost its presence in the Asia Pacific region.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore’s GIC Bets on Wastewater Company, Takes Stake at $3 Billion ValuationSingapore sovereign-wealth fund GIC has bought a stake in WaterBridge Resources in a deal that values the Houston-based handler of oil-drilling wastewater at nearly $3 billion including debt, according to people familiar with the matter.
Read more »
Family of L.A. teen fatally shot by sheriff's deputy to receive $3.75 million in settlement'Fearing for his life,' an officer fired at the 16-year-old 13 times, a county summary said.
Read more »
Jury awards $3 million to black strippers in discrimination caseA Mississippi jury has awarded a total of more than $3 million to five African American strippers after a federal judge found the women worked under worse conditions than their white colleagues.
Read more »
Inslee releases $3 trillion jobs plan centered on clean energy, green infrastructure“You can't approach this on a halfsies deal,” says 2020 hopeful JayInslee, who says there's no middle ground on climate change. 'It is not the real world to think Mitch McConnell is going to embrace a major effort to mobilize against the climate crisis.”
Read more »
British town permits Scientology development amid fears the church is trying to 'take over' the areaPlymouth council has approved a planned $3 million renovation, which will create a new Scientology church.
Read more »
WeWork is starting a $3 billion fund to buy stakes in buildings and rent them back to itselfThe company's CEO has been criticized for a similar practice in the past.
Read more »
DHS backup border funding plan would take millions from TSA, other agenciesThe funding from TSA includes $50 million planned for advanced screening equipment and $3 million collected from loose change left in trays at airports.
Read more »
A legacy of man-eating lions and lunacy haunts Kenya's railways. Will the China-built $3.6B line change that?Kenya took on huge debt to buy a modern railway from Beijing that it hopes will boost its economy ... despite the controversy it has attracted
Read more »
Jury awards $3M to black strippers in discrimination caseJACKSON, Miss. (AP) — A Mississippi jury has awarded a total of more than $3 million to five African American strippers after a federal judge found the women worked under worse conditions than their white colleagues.
Read more »
Unita Blackwell, Mississippi mayor who turned nation’s eyes on her forgotten hamlet, dies at 86The former civil rights worker, who had once chopped cotton for $3 a day, received a MacArthur Foundation “genius” grant, bringing national attention to her Delta town of Mayersville and other communities like it.
Read more »
TransferWise is now Europe's most valuable fintech start-up, with a $3.5 billion valuationTransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.
Read more »