This seven year old company is $1.6 billion with the new funding values. Some new investors are also joining the venture – Japanese Company Mitsui & Co Ltd, U.S Japan Venture from World Innovation Lab. to   raise the company value to $ 397 million Richard Branson, Andreessen Horowitz, Baillie Gidford joined the forum.

Transferwise is going to make a virtue for its customer regardless of any new capital investment received to break the exact split out. Some early company employees including the founders Taavet Hinrikus and Kristo Kaarmann have given a sell portion of their shares in Transferwise. This implies that the Transferwise is a long way to go with its potential customer.

Hinrikus also mentioned that the new investment includes the part cashing of some employees aiming to provide Transferwise with a healthier balance sheet with new opportunities. Focusing on APAC region this also includes the global expansion with the company having a dedicated hub and Borderless account development.

Latter being launched in May , Transferwise aims to offer a platform for all businesses , sole traders or freelancers with low exchange rates in conducting B2B businesses in multiple currencies. 2018 is all set to welcome the consumer version of Transferwise debit card which is eyed to be launched in UK and Europe .

There is a wide amount of feature parity along with other fintech start-ups , but there is also a little bit of excitement creeping all over. International Money Transfer is the core objective of Transferwise and Hinrinkus also states that for all these functionalities to be leading a more tech leveraged business “Focus is the key”.  The more money moves via infrastructure the better it is – but this can be directly executed with Transferwise app for both consumer and SMEs’ through third party integration or the borderless account of the  company itself. Anyways the company is going to generate revenue with such tech tactics.

The core feature to any international business is the multi currency account and this is exactly   what Transferwise does as compared to any challenger bank having money transfer and currency exchange as its base. Transferwise is also partnering with banks like N26 and Starling. There is also a big plan to be executed in India because Transferwise intend to move ahead with innovation along with a satisfied service to its customers.

The UK market stands at 10 percent followed by other geographies as mentined by Hinrinkus-  where the company serves over two million customers with 750 currency routes where customers transfer more than $ 1 billion every month.

So for all the Europeans –Transferwise has triggerd the latest innovation to resolve the borderless transaction for its customers aheading innovation.