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TransferWise

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The famous European fintech startup TransferWise is valued at $5 billion after the announcement of the second round of share sale this Wednesday. The value of this deal crosses $319 Million. However, no new money comes into the company as it is the re-distribution of holdings owners. The chance of selling a part of the holdings was provided for employees and investors. That not only allows to earn for shareholders but to avoid issuing more…

TransferWise has changed its name to Wise in February 2021. TransferWise is a name you have probably heard already. This startup attracted investors such as Richard Branson, Max Levchin, and Peter Thiel (co-founders of PayPal), alongside other well-known names. The company is based in London, UK. If you are not familiar with this company, this Wise review explains and answers any questions that may arise. History The company was founded in 2011 by two guys…