TransferWise Preparing Share Sale That Could Raise Valuation to $1.6B

Shares of cross-border payments company TransferWise are set to change hands in a sale that could boost its current $1.2 billion valuation.

The sale, first reported by Sky News, is part of a series of transactions by London-based venture capital company Draper Esprit.

The company’s new stake in TransferWise is part of Draper’s acquisition of funds from early-stage investor Seedcamp, from which Draper has bought two investment funds.

The move reportedly will increase TransferWise’s valuation to about $1.6 billion.

Read more at SkyNews, CBROnline, and Finextra.

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