TransferWise Raises Another $26 Million for International Growth
- Scottish pension firm Baillie Gifford leads investment
- U.K. money transfer startup eyeing Latin America, Asia
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TransferWise, the U.K. company that’s trying to upend the world of international money transfers, raised an additional $26 million to fund expansion in Latin America and Asia.
The latest investment, led by Scottish asset management firm Baillie Gifford, brings the total amount TransferWise has raised to $117 million, the company said Wednesday. TransferWise didn’t disclose its valuation after the latest investment, but some news reports, including TechCrunch, said the company was valued at more than $1 billion -- making it one of London’s few unicorns.