FF News Logo
Wednesday, June 24, 2026

Breaking News

CLS Appoints Six New Board Directors Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World SumUp Launches in Canada European Fintech Association Elects New Board of Directors G+D: Navigating the Future of Fintech Agility and Innovation Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support FreeAgent Launches New AI Tool for Landlords to Capture Rental Statements EXCLUSIVE: “Keeping The Rubber on Track” – Nick Kerigan, Swift in ‘The Fintech Magazine’ Megadeals Are Back. Here’s Why J-P Conte Thinks Patient Capital Still Wins. A New Way to Get Paid: Modulr Adds cVRP to Its Collections Hub DIFC Future of Finance Report: Digital Native, AI Driven Challenger Banks Redefining Banking Models, Signalling Industry’s Biggest Shift Since 2008 UK Financial Institutions Look to Decade of AI-Driven Growth as Confidence Strengthens LUMIQ Raises Strategic Funding to Become the AI Decision Layer for Financial Services easypaisa and Binance Sign MoU to Explore Emerging Financial Technology Growth in Pakistan A Third of UK Consumers Would Switch Banks for Wooden Payment Cards

August 2 2020

TransferWise hits $5bn valuation

Share this post:

Share on LinkedIn Share on WhatsApp

TransferWise early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn.

This liquidity round was led by a new investor D1 Capital Partners, and existing shareholder Lone Pine Capital. Other shareholders like Baillie Gifford, Fidelity Investments, and LocalGlobe have expanded their holdings in the company.

Read also: TransferWise is set to launch an investment feature as it lands license from FCA

With the company’s current $5 billion valuation TransferWise becomes one of Europe’s most valuable fintech unicorns with only Klarna and Revolut catching up. The new valuation also represents an increase of 43% since May 2019.

TransferWise was founded in 2010 and has been profitable since 2017. It serves about 8 million customers worldwide, processing around £4 billion in cross-border payments each month, across 2,500 currency routes and 54 currencies.

“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. 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.” says co-founder and current CEO Kristo Käärmann.

“We have been impressed by the extensibility of TransferWise’s platform, which now includes individuals, businesses and financial institutions among its customers,” says D1 Capital Partners’ Teddy Gleser.

Kaarmann and fellow co-founder Taavet Hinrikus both had the option to sell shares in this round, though TransferWise declined to disclose how much they sold.

[mc4wp_form id=”2736″]

  1. CLS Appoints Six New Board Directors

    Hiring

     Read more
  2. Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World

    Fintech

     Read more
  3. SumUp Launches in Canada

    News

     Read more
  4. European Fintech Association Elects New Board of Directors

    Hiring

     Read more
  5. G+D: Navigating the Future of Fintech Agility and Innovation

    Event Videos

     Read more
FTT AI Transformation x FFnews
More On