We’ve covered TransferWise quite a few times – along with one or two rivals such as CurrencyFair, the London-based financial technology startup offers a genuinely disruptive foreign exchange service that significantly undercuts the banks. Its backers apparently also continue to see great potential: having led TransferWise’s $6 million Series A round just over a year ago, PayPal co-founder Peter Thiel’s Valar Ventures has again participated in the firm’s $25 million Series B, alongside Index Ventures, Virgin boss Richard Branson, IA Ventures, TAG, and Le Monde owner Xavier Niel. TransferWise, run by former Skype director Taavet Hinrikus, says it will use the funds for marketing.
Image copyright .
Related research and analysis from Gigaom Research:
Subscriber content. Sign up for a free trial.
- How to manage the customer experience through mobile apps
- What the fourth-quarter 2014 meant for tech buyers
- How OpenStack can become an enterprise reality.
More From paidContent.org