TransferWise

TransferWise | May 25, 2016

After months of rumours, TransferWise, the London-headquartered money transfer startup and fintech darling, has confirmed that it has raised a further round of funding. Described as ‘top-up funding’, the $26 million round was led by investment management firm Baillie Gifford, with participation from existing investors. TechCrunch understands via two sources close to the company that this values TransferWise at $1.1 billion. That of course would make the U.K. startup a member of the so-called ‘un...

TransferWise | June 21, 2016

Transferwise said it will suspend pound transfers on Thursday in anticipation of currency volatility caused by Britain's referendum on European Union membership. The London-based money transfer website will resume its service when the referendum results are announced on Friday. It will suspend incoming pound transfers on Thursday morning and outgoing transfers at 6 p.m., the company said in an emailed statement. The vote on whether Britain should remain in the 28-member bloc is too close to call...

PayPal | January 16, 2020

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it processed a record $10.3 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone, as mobile and other digital channels continue to change how donors engage with nonprofit organizations. Twenty-one percent of all donations processed by PayPal in 2019 were made through mobile devices. "Our efforts to drive social impact and create value for all of our stakeholders continue ...

BlackRock | January 15, 2020

BlackRock Inc.'s assets scaled $7 trillion for the first time, putting the spotlight on the world's largest money manager's growing reach. The investment giant took in $128.8 billion in net new money in the fourth quarter of 2019, where exchange-traded funds drew big inflows. That is up from the $49.8 billion in net flows in the year-ago period. BlackRock's quarterly net profits rose 40 percent to $1.3 billion. The company's fourth-quarter earnings of $8.29 a share exceeded W...