TransferWise raises $25m from backers including Richard Branson

It's Branson's second investment in a payment start-up in as many months.

by Elizabeth Anderson

Richard Branson has joined PayPal cofounder Peter Thiel in backing Shoreditch-based money exchange business TransferWise.

In its second round of funding, TransferWise raised $25m from backers including Peter Thiel’s Valar Ventures, Index Ventures, Sir Richard Branson and other high profile technology investors. This takes the total raised by TransferWise to $33m since the firm was founded in early 2011.

It also marks Branson’s second recent investment in a financial start-up. In May, Branson participated in a $30m investment round in US-based BitPay, the leading payment processor for digital currency bitcoin.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package