Di Capital Partners has bought a $200m stake in TransferWise

American hedge fund D1 Capital Partners has bought a $200m share in UK-based FinTech unicorn TransferWise, which sees its valuation jump past the $5bn (£4bn) mark.

The news that D1 Capital Partners has bought a cut of the company was broken by Sky News.

The deal reportedly gives D1 Capital Partners around 4% ownership of TransferWise.

The news comes just weeks after TransferWise was granted a new licence from the Financial Conduct Authority to soon offer investment products.

In June, TransferWise extended its partnership with German challenger bank N26, enabling the neobank to offer more options for foreign currency transfers.

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