Fintech investor Merian increases investment in TransferWise

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Merian Chrysalis, a fintech investor, has increased his investment in TransferWise by $4.42m (£3.3m)  
  • The increase in investment has meant that Chrysalis now has a £57m sum in TransferWise
  • After only launching in November 2018, Merian Chrysalis has amassed £374 million, and 65.5% of which is investe 

Merian Chrysalis, the fintech sector investor, has increased its holding in online money transfer service, TransferWise 

They have achieved this by adding an extra £3.3m to its existing position. In total the company has now put £57m into the London based company. This latest investment into the currency and finance industries adds to Merian's holdings in peer-to-peer lender Growth Street and the challenger bank Starling 

Founded in 2011 by Kristo Käärmann and Taavet Hinrikus, TransferWise has become a force to be reckoned with as a payments service 

The additional investment came through their unit, Merian Global Investors, and it follows its £11m investment in TransferWise, which took place back in February 2019 

Merian Chrysalis, which only launched in November 2018, has so far amassed £374 million and currently stands at being 65.5% invested 

Merian’s capital raised at the end of September, and this latest move is a further example of the way in which it has been deploying proceeds. In total, Merian had £175m to fund further investments, of which it has already spent £92.5m, according to Analysts, Liberum 

The fund managers responsible for the latest moves at Merian Global Investors, Richard Watts and Nick Williamson, want to cut back on exposure to unquoted companies after the fallout from the high-profile Woodford scandal 

Merian Chrysalis, which only launched in November 2018, has so far amassed £374 million and currently stands at being 65.5% invested 

This means that the fund managers still have around £130 million to invest and are considering their next moves in what is described as ‘a strong pipeline of opportunities’ 

With TransferWise attracting such a strong involvement from a forward-looking asset management firm, such as Merian, its position in the international money transfer sector gets bigger by the day, and it is likely to lead to other significant investors looking to get involved in the action 

Keep up-to-date with all the goings-on in the money transfer world by keeping an eye out on our magazine news pages.


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