TransferWise, the fast-growing UK-based P2P money transfer startup that has reportedly been in talks with Facebook for remittance services, has raised a large tranche of funding led by one of the social network’s earliest backers. Andreessen Horowitz is heading up a new investment of $58 million, a Series C round with participation also from previous backers Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures, and Seedcamp. Founded in 2011 and built by ex-Skype and PayPal engineers with the aim of making it easier (read: cheaper) to transfer pounds to euros, TransferWise says that it will be using the funds to fuel its global expansion.

http://techcrunch.com/2015/01/25/a16z-leads-58m-round-in-uks-transferwise-to-ramp-up-p2p-remittance-business/