Given this valuation, TransferWise is with the N26 and
TransferWise co-founder and chairman Taavet Hinrikus told TechCrunch the round was oversubscribed.
The new millionaires
In the course of the new financing round, hundreds of employees sold their shares to the new investors and thus became millionaires. That’s what Sifted reports. According to Sifted, TransferWise’s $292m sale share was
The company’s 1,600 employees collectively have around 2m vested options, according to last year’s company filings, which at the last valuation would be worth $250,000 per employee on average.
Existing TrasferWise investors Andreessen Horowitz and Baillie Gifford expanded their holdings in TransferWise, whilst investment was also provided from funds managed by BlackRock.