Noah Conference

London Fintech Boon As Facebook-backer Andreessen Horowitz Invests TransferWise

Date Posted: January 26, 2015 10:48 am

There’s yet more signs Silicon Valley backers are waking up to the potential of London’s fintech industry as Facebook-backer Andreessen Horowitz joins TransferWise’s USD58m Series C funding round. Existing backers Index Ventures, Paypal-founder Peter Thiel’s Valar Ventures, IA Ventures, Seed Camp and UK entrepreneur Sir Richard Branson also participated. Launched in 2011, the firm says customers have now transferred GBP3bn (USD4.5bn) on the platform – up significantly from its GBP1bn…

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