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Silicon Valley plunges $100m into London fintech start-up

The investment in WorldRemit comes as overseas interest in Europe's fintech sector continues to grow

Silicon Valley plunges $100m into London fintech start-up

Silicon Valley-based Technology Crossover Ventures has led one of the largest venture capital investment rounds in a European fintech start-up in the past year, as overseas interest in the continent's fintech sector continues to grow.

London-based money transfer start-up WorldRemit has secured $100 million in a funding round led by US venture capital firm TCV. The deal announced on Wednesday includes existing investors Accel Partners, which made a $40 million investment in the firm less than a year ago.

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