Andreessen Horowitz lead $58 million Wise funding

Wise

26.01.15 (updated more than 1 year ago)

1 minute read

In 2011 the Wise revolution quietly erupted out of necessity. The old world of finance was under-serving and over-charging. That had to change, and 4 years on we’re humbled by the support our movement receives.

In 2015, with the help of heavyweight backing Wise is set to go truly global. We’re honoured to have Andreessen Horowitz (@a16z) - one of the world’s largest investment firms - leading a $58 million funding round.

The same a16z behind Facebook, Twitter, Airbnb, Github and Pinterest.

####The investment allows the Wise movement to grow stronger. To reach further. To better serve you. To save more people from bank fees, faster.

Wise currently serves 292 currency routes. This year 300 more are planned. We have customers in more than 50 countries. There are many more to reach.

Lucky then that serial innovator and a16z founder Ben Horowitz joins Wise board of directors, his first ever board seat in Europe.

“We are thrilled to be backing Taavet and Kristo. They discovered an important secret and are are uniquely prepared to pursue it._ Not only is their solution 10 times better than the old way of exchanging foreign currency, it could not have come at a better time. We see massive opportunity for new financial institutions like Wise." - Ben Horowitz

The investment also includes backing from existing Wise backers Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures, and Seedcamp.

We’re honoured to have the backing and mentorship of some of the world’s smartest and most esteemed innovators. We’re building a transparent, fair and truly global world of finance, but the bank’s party isn’t over yet.

Never forget; the more we are, the stronger we are.

Go spread it! Onwards!

Taavet & Kristo
Wise founders

P.S. - We're hiring! View our latest roles here.. Follow Wise on Twitter and Facebook.

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.