Wise raises 1.3M USD from smart investors

2 minute read

We are very delighted to announce that we have just been joined by the A-Team of investors.

Some of the smartest people in finance just backed Wise with a 1.3M USD seed round.

Our fundraising was led by IA Ventures from New York and joined by Index Ventures, Kima Ventures and Seedcamp. While Seedcamp has been supporting us for some time already all the other institutional backers are new. Roger Ehrenberg, Managing Partner at IA Ventures who will join the Wise board of directors:

“Wise is moving the money transfer market to the 21st century at a time when many banks and traditional financial services firms are forgetting innovation and customer experience.”

Besides these stellar tier one venture capital partners we have some very exciting angels who have built some of the more famous consumer oriented online and financial companies. It's great to have Saul Klein and Robin Klein who have been supporters of European entrepreneurship for a long time. Also Max Levchin adds a very good perspective from his experience of building PayPal and Shamir Karkal complements that with building up Simple.com as a new generation bank.

Additionally we have other great people who have previously built, or are still building Skype, Betfair and PayPal. It's fantastic to be able to tap into their experiences of building these disruptive companies.

What does this change for us? Not a lot and quite a bit at the same time. Its another vote of trust and show of confidence in the Wise team and in what we have built so far. We will use this to continue on the same path - expanding currencies, fueling our growth and building a better product.

Welcome on board gentlemen,

Taavet & Kristo

Wise is the smart, new way to send money abroad.

Find out more

The gender pay gap at Wise

What is the gender pay gap? The gender pay gap is an initiative from the UK government to help reduce the difference in pay between men and women. Since 2017,...

Hayley Bucur
08.04.21 8 minute read

Wise’s gender pay gap

What is the gender pay gap? The gender pay gap is the difference in average hourly earnings between men and women working within the same organisation. The...

Ross Seychell
19.03.20 5 minute read

Tips, news and updates for your location