TransferWise just let insiders dump $319M in company stock — and Draper Esprit cashed in big

Tech-focused venture fund Draper Esprit announced it has sold its remaining stake in UK fintech darling TransferWise for $22 million. Draper’s sales were part of a $319 million secondary deal in which TransferWise allowed insiders and early investors to cash in their stock. The deal awarded TransferWise a private valuation of $5 billion, up 43% since May 2019’s secondary sales. This ranks TransferWise as one of the UK’s top fintech startups, alongside the likes of Klarna and Revolut. TransferWise chief exec Kristo Käärmann noted secondary rounds like these allow new investors to come in, while simultaneously “rewarding investors and employees who’ve helped…

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