TransferWise Reaches $3.5 Billion Valuation After Secondary Stock Sale

BlackRock and other large investment funds have acquired a $292 million stake in TransferWise, a cross-border money transfer service that has grown rapidly since launching in 2011, and is a star of Europe’s startup scene. In an announcement on Wednesday, London-based TransferWise said the stock purchase put the value of the company at $3.5 billion, […]