By Aisling Finn on Friday 22 January 2021
The fintech was first reported to be looking for bankers to help guide it through the process in December 2020.
The fintech, which is expected to float on the London Stock Exchange later on this year, allegedly appointed the two banks to help it spur on its IPO efforts after reportedly gearing up to float late last year.
After nearly a decade on the fintech scene, TransferWise has become one of the most well-known and biggest fintechs in the World.
The fintech processed £42bn worth of cross-currency transfers last year for its eight million customers worldwide and today is handling over £4bn in those transfers every month.
TransferWise’s float will make it one of the first of the fintech giants to go public, following in the footsteps of the likes of Funding Circle and Augmentum Fintech, with others planning to float in the not-too-distant future, such as Starling, which is heading for a 2023 IPO, and PensionBee, which announced its intention to list on the LSE late last year.