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Why TransferWise’s $1 Billion Valuation Will Terrify The Banks


London-based finance startup TransferWise has just raised $US58 million in venture capital funding, with the Financial Times reporting that the company is now valuated at almost $US1 billion. Even in Silicon Valley, the $US1 billion mark is significant. But in the UK, it’s a huge vote of confidence in the European technology scene (especially as…