TransferWise raises $280 mln: Business Insider

TransferWise has raised $280 million (£211.2 million) in funding from investors Old Mutual Global Investors and IVP, Business Insider reported. TransferWise, of London, enables individuals and businesses to send money overseas more cheaply using a peer-to-peer transfer system. Buyouts in August reported that TransferWise was fundraising, seeking $50 million to $100 million.