TransferWise valued at nearly $1 billion ({{commentsTotal}})

The Estonian-founded, London-registered, money transfer firm TransferWise fundraising could value the company at nearly 1 billion dollars, the Financial Times reports.

According to the London-based financial daily, the Silicon Valley venture capital firm Sequoia Capital is in advanced discussions to invest 50 million dollars into London start-up TransferWise, in an investment that would value the money transfer company at close to 1 billion.

Three-year-old TransferWise was founded by Estonians Taavet Hinrikus and Kristo Käärmann in London in 2011. About 100 of its employees work at the firm's office in Tallinn.

The company lets people send money to one another internationally in 39 different countries. TransferWise raised 25 million dollars earlier this year, from investors such as Sir Richard Branson, Index Ventures and Xavier Niel, the French entrepreneur. Other investors include PayPal co-founders Max Levchin and Peter Thiel.



Opinion
Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.