2014’s biggest investments: Transferwise £16.6m
Branson, Valar Ventures, Index Ventures, IA Ventures backing for money transfer business
Sir Richard Branson led circa £16.6m ($25m) backing of international money transfer platform Transferwise, alongside existing investors including Peter Thiel’s Valar Ventures, Index Ventures and IA Ventures bringing the company’s total backing to around £22m ($33m) since launch. Founded in 2010 by Taavet Hinrikus and Kristo Käärman, the company said the funds would be used to “raise awareness” of hidden fees applied to international money transfers elsewhere.
Read more about the deal here.