Ingo Uytdehaage, the CFO of newly listed Dutch payments company Adyen, is joining TransferWise’s board, Sky News learns.
The deal will underline TransferWise's stellar reputation as one of the UK's leading technology companies, and will come at a time when many of its US tech peers, such as WeWork, Uber and Slack, are becoming public companies.
Taavet Hinrikus and Kristo Kaarmann, who in 2017 swapped roles to become chairman and chief executive respectively, are thought to own roughly 40% of TransferWise between them - meaning that on paper they are each likely to be worth in the region of $750m.In a blog post in 2017, Mr Hinrikus wrote:"In a few years it will be time to think seriously about becoming a public company like the strongest and most trusted financial institutions are.
In total, TransferWise has previously raised new funding of about $400m - a significant sum for a British technology start-up. The company has successfully tapped into a frenzy of international interest in the global payments industry as new technology drives down costs and improves speed and efficiency for customers.
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