Andreessen Horowitz lead $58 million TransferWise funding

26.01.15
2 minute read

In 2011 the TransferWise revolution quietly erupted out of necessity. The old world of finance was under-serving and over-charging. That had to change, and 4 years on we’re humbled by the support our movement receives.

In 2015, with the help of heavyweight backing TransferWise is set to go truly global. We’re honoured to have Andreessen Horowitz (@a16z) - one of the world’s largest investment firms - leading a $58 million funding round.

The same a16z behind Facebook, Twitter, Airbnb, Github and Pinterest.

The investment allows the TransferWise movement to grow stronger. To reach further. To better serve you. To save more people from bank fees, faster.

TransferWise currently serves 292 currency routes. This year 300 more are planned. We have customers in more than 50 countries. There are many more to reach.

Lucky then that serial innovator and a16z founder Ben Horowitz joins TransferWise board of directors, his first ever board seat in Europe.

> “We are thrilled to be backing Taavet and Kristo. They discovered an important secret and are are uniquely prepared to pursue it._ Not only is their solution 10 times better than the old way of exchanging foreign currency, it could not have come at a better time. We see massive opportunity for new financial institutions like TransferWise." - Ben Horowitz

The investment also includes backing from existing TransferWise backers Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures, and Seedcamp.

We’re honoured to have the backing and mentorship of some of the world’s smartest and most esteemed innovators. We’re building a transparent, fair and truly global world of finance, but the bank’s party isn’t over yet.

Never forget; the more we are, the stronger we are.

Go spread it! Onwards!

Taavet & Kristo
TransferWise founders

P.S. - We're hiring! View our latest roles here.. Follow TransferWise on Twitter and Facebook.

TransferWise is the smart, new way to send money abroad.

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