TransferWise Ltd. announced that it has received $58 million in funding from Andreessen Horowitz LLC, Index Ventures, Seedcamp, Valar Ventures LP, IA Ventures
January 24, 2015
Share
TransferWise Ltd announced that it has received $58 million in its series C round of funding led by new investor Andreessen Horowitz LLC on January 25, 2015. The round also included participation from existing investors Index Ventures, Seedcamp, Valar Ventures LP, IA Ventures, and individual investor, Richard Branson. As a part of the transaction, Ben Horowitz will join the company's board of directors. The company has raised $91 million in funding till date. The round was raised at a post money valuation close to $1 billion.
On January 25, 2015, TransferWise Ltd closed the transaction.
Wise plc is a United Kingdom-based global technology company. The principal activity of the Company is the provision of cross-border money transfer services. Its products include international money transfers, Wise account, international debit card, travel money card, large amount transfer, receive money, Wise platform, Wise business, business debit card and mass payments. The International money transfer product offers bank transfers, debit cards and credit cards. The Wise Account offers 40 currencies to use or keep handing and receive money internationally too, with account details and IBANs for nine currencies. The Travel money card product offers currency cards for all travel. The Wise travel money card also offers an exchange rate on Google for spending in approximately 40+ different currencies. The Wise Platform is used by banks, large businesses and other enterprises. The Wise Platform serves various industries, including banks, technology firms, cloud platforms and others.
TransferWise Ltd. announced that it has received $58 million in funding from Andreessen Horowitz LLC, Index Ventures, Seedcamp, Valar Ventures LP, IA Ventures
WISE PLC 
