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TransferWise Valued at $1.1 Billion in New Round $QQQ

WSJ.com

International money-transfer startup TransferWise Ltd. is now valued at $1.1 billion after a new funding round, according to a person familiar with the situation.

The London company on Wednesday said it raised $26 million in its fourth round of funding. Asset management firm Baillie Gifford & Co. led the round, joined by returning investors Andreessen Horowitz, Sir Richard Branson, Peter Thiel’s Valar Ventures. The company has…

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