Wise is a money transfer service allowing private individuals and businesses to send money abroad without hidden charges.
Wise provides a core money transfer product, along with a borderless account for its audience of ex-pats, freelancers, and travelers, which holds over £2 billion in current deposits. The company features like automated identification verification, online and in-app technical assistance, and estimations of when money transfers will arrive, products and services that meet the needs of clients.Wise was established in 2011 by Kristo Kaarmann and Taavet Hinrikus in London, England.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 27, 2022 | Post-IPO Debt | £300M | 1 | Silicon Valley Bank UK | — | Detail |
Jul 7, 2021 | IPO | — | — | — | — | Detail |
May 20, 2021 | Debt Financing | £160M | 1 | Silicon Valley Bank UK | — | Detail |
Jul 29, 2020 | Secondary Market | $319M | 7 | D1 Capital Partners Lone Pine Capital | — | Detail |
May 21, 2019 | Secondary Market | $292M | 8 | Lead Edge Capital Lone Pine Capital Vitruvian Partners | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Aug 2, 2021
99math
|
Series A | $1M | — | |
Jan 21, 2019
Farewill
|
Series Unknown | £7.50M | Advice | — |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Silicon Valley Bank UK | Yes | Post-IPO Debt |
D1 Capital Partners | Yes | Secondary Market |
Lone Pine Capital | Yes | Secondary Market |
Lead Edge Capital | Yes | Secondary Market |
Vitruvian Partners | Yes | Secondary Market |
JP Morgan | Yes | Debt Financing |
LHV Ventures | Yes | Debt Financing |
NatWest Bank | Yes | Debt Financing |
IVP | Yes | Series E |
Merian Global Investors | Yes | Series E |