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Challenger Bank TransferWise Hits $5 Billion Valuation After $319 Million Round

Tracy CHEN

Summary: UK-based challenger bank TransferWise has closed a $319 million round at a valuation In June, the company said it has received permission from the UK’s Financial Conduct Authority to offer retail investment services in Britain with a planned 2021 launch. It's also used by cryptocurrency holders to buy and sell currencies like Bitcoin. Tracy Chen

UK-based challenger bank TransferWise has closed a $319 million round at a valuation
In June, the company said it has received permission from the UK’s Financial Conduct Authority to offer retail investment services in Britain with a planned 2021 launch.
It's also used by cryptocurrency holders to buy and sell currencies like Bitcoin.

Tracy Chen