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Wise, one of Europe s earliest and most successful fintech firms, is exploring an IPO in 2021.
The firm, formerly TransferWise, started with cheap money transfers and is now worth $5 billion.
Insider spoke with the company s CEO, CFO, early investors, and analysts to chart its rise.
Wise, the $5 billion fintech success story, started life as TransferWise in London in 2011.
The premise was simple: Major banks made a killing in fees and foreign-exchange rates when people transferred money from one currency to another, and this startup wanted to change that.
Home We are entering the era of e-globalisation
We are entering the era of e-globalisation
UiPath shows how Silicon Valley is no longer the must-be place for software companies
World Economy News
4 Feb 2021 • 3 min read
Romania was once a benighted corner of communism, a country of power cuts, queues and near-empty shops stocked only with “jars of pickled indescribables”, to quote a colleague who was there at the time.
That makes it all the more striking that this week UiPath, a Bucharest-born, venture capital-backed software company that promises to make global capitalist corporations hum more efficiently, raised further funding in New York at a nosebleed $35bn valuation.