TransferWise, the British fintech company that specialises in "letting people send money abroad at the lowest possible true cost", has today been linked with a possible round of USD 60m of funding from IVP. Since the launch of the business in 2010, the company has received funding from a number of investors, including high profile individuals such as Sir Richard Branson and Citigroup chief executive, Vikram Pandit, as well as venture firms such as Sequoia and Valar Ventures.

If their next investor is in fact IVP, this would take the company's reported funding to in the region of USD 228m since 2011, when the first publicly disclosed investments were made, and bring it "unicorn" status, i.e. with a market valuation of over USD 1bn. 

IVP is one of Silcon Valley's longest established venture capital firms, founded in 1980 and having invested in over 300 companies, of which 106 have listed. IVP on its own website speaks about "hyper growth", where they help their portfolio companies grow by double or triple digits year-on-year. IVP's roll of portfolio companies reads like a "who's who" of tech companies – so Twitter, NetFlix, Kayak, Snap (Snapchat's parent company), to name just a few of their consumer-orientated current or former portfolio companies.

If this rumoured investment proceeds, this would see the UK's second "unicorn" company on a path well-trodden successfully by others backed by IVP.