TransferWise Seeks To Raise Up To $300M

Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by Reuters.

The company’s past investors include English business magnate Richard Branson and PayPal founders Peter Thiel and Max Levchin.

FinTech companies that offer new technology to help move cash and funds across borders are becoming increasingly popular and disruptive to traditional banking institutions. They’re also often more affordable.

The company wants to raise $300 million, a source told Reuters, which would bring its valuation to $4 billion. Goldman Sachs Group is reportedly handling the

TransferWise Formally Rolls Out PayNow Payments; Klarna Unveils Open Banking Platform

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the formal rollout of payments via PayNow with the U.K.’s TransferWise. In addition, European payment provider Klarna has unveiled an Open Banking Platform, and GM Cabs is offering to take payments via Alipay to help serve consumers in Australia.

TransferWise, a FinTech firm in the U.K., now formally allows payments via PayNow after experimenting with the service, The Business Times reported. Through TransferWise, users can scan a quick-response (QR) code or enter a unique entity number of a company. As it stands, the FinTech allows

Tech.eu Podcast #101: TransferWise in Brussels; more money for N26 and Horizn; Alibaba’s activity in Europe; and more – Tech.eu

Tech.eu Podcast #101: TransferWise in Brussels; more money for N26 and Horizn; Alibaba’s activity in Europe; and more  Tech.eu

In today’s Tech.eu Podcast, Natalie Novick, Andrii Degeler, and Robin Wauters talk about TransferWise opening an office in Brussels, funding rounds for Horizn …

TransferWise opens an office and applies for a payment institutions licence in Brussels to avoid service disruption after Brexit – Tech.eu

TransferWise opens an office and applies for a payment institutions licence in Brussels to avoid service disruption after Brexit  Tech.eu

Estonian-founded and London-headquartered fintech company TransferWise has applied for a financial licence and opened a new office in Brussels. In case of …