London-based peer-to-peer foreign exchange service TransferWise has become the latest company to join Silicon Valley super-venture-capitalists Andreessen Horowitz’s portfolio.
The company raised $58m in a fundraising round led by A16Z, in which the company’s existing investors such as Richard Branson, Index Ventures and Seedcamp also participated. The Series C funding round is thought to value the company at almost $1bn, although it refused to confirm or deny the figure.
TransferWise operates a foreign exchange service which uses an element of peer-to-peer funding to cut costs for users. The company directly pairs up users wanting to buy a currency with those wanting to […] Read more