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TransferWise now valued at $3.5B following a new $292M secondary round

TransferWise, the London-headquartered international money transfer service, is disclosing a new $292 million secondary round that sees investors value the company at $3.5 billion. That’s more than double the valuation TransferWise achieved in late 2017 at the time of its $280 million Series E round.

The new secondly funding — with no new cash entering TransferWise’s balance sheet as a number of existing shareholders sell all or a portion of their holding — was led by growth capital investors Lead Edge Capital, Lone Pine Capital and Vitruvian Partners.

Existing investors Andreessen Horowitz and Baillie Gifford expanded their holdings in TransferWise, whilst investment was also provided from funds managed by BlackRock.

In a call, TransferWise co-founder and Chairman Taavet Hinrikus told me the round was oversubscribed, too. The arbitrary figure of $292 million was simply the result of how much liquidity existing shareholders were willing to make available, and nowhere near the upper level of interest.

He is also pointed out that existing institutional investors aren’t exiting during this round, with Andreessen Horowitz and Baillie Gifford actually doubling down somewhat. Instead, this liquidity event was mainly a way for TransferWise employees — existing and presumably former — to cash in on some or all …read more

Food delivery startup Dahmakan eats up $5M for expansion in Southeast Asia

It’s harvest season for Southeast Asia’s full-stack food delivery startups. Following on from Singapore’s Grain raising $10 million, so Malaysia-based Dahmakan today announced a $5 million financing round of its own.

The money takes the startup to $10 million raised to date — its last round as $2.6 million last year — and it comes via new investors U.S-based Partech Partners and China’s UpHonest Capital and existing backers Y-Combinator, Atami Capital and the former CEO of Nestlé who was an angel investor. The round was closed earlier this year but is now being announced alongside this expansion play.

It’s been a busy couple of years for the company, which was founded in 2015 by former execs from Rocket Internet’s FoodPanda service. Dahmakan — which means “Have you eaten?” in Malay — graduated Y Combinator in 2017 and it expanded to Thailand last year through an acquisition, so what’s on the menu for 2019?

It is going all in on ‘cloud kitchen’ model of using unwanted retail space to cook up meals specifically for digital orders, which is entirely its business since it handles all processes in house rather than through …read more

‘Godzilla: King of the Monsters’ Stomps Into ‘PUBG Mobile’ Soon

Why should Fortnite have all the crossover fun among battle royale titles? Not one to be left out, PUBG Mobile (Free) is getting in on the action in a big way — and I mean big as in stature, because it doesn’t get much bigger than Godzilla: King of the Monsters.

That’s right, Godzilla and potentially some of his friends and foes are coming soon to PUBG Mobile, and considering Godzilla: King of the Monsters debuts in theaters on May 31, that’s likely really soon. So far, Tencent Games and PUBG Corporation have been pretty tight-lipped about exactly what form this collaboration might take, except to say that players would find hints at the arrival of the titans in-game before they actually appear.

Seeing as I’m an inquisitive type, I decided to go check out what traces of the big guy I could find for myself. Alas, all I got was a t-shirt:

Turns out there are more signs as well, in the form of kaiju-inspired graffiti that can give you rewards on the Miramar map. If you take a quick stroll around the internets, you can find some guides to help you locate them.

Personally, I’d love to see you be …read more

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iPad-Only Deck-Based Dungeon Crawler ‘One Deck Dungeon’ Getting Universal iPhone Support this Thursday

It was just shy of a year ago that Handlebra Studios and Asmadi Games brought their deck-based dungeon crawler One Deck Dungeon ($9.99) to the iPad, which was less than a week after launching the game on Steam. And while it’s a fairly UI-heavy game that plays much better on a larger screen, that didn’t stop players from begging for a port to the iPhone, as is typically the case with any iPad-only game. Well the developers have been hard at work on that very thing, and coinciding with the game’s one-year anniversary of launching on the iPad they’ll be releasing an update with Universal iPhone support this Thursday, May 23rd. One Deck Dungeon is shrinking! As you can see in the following trailer.

My favorite thing about this, which should be no surprise to people who know me, is the portrait orientation. I absolutely love games I can play on my iPhone with just one hand, and card-based dungeon crawlers are a perfect fit for this as games like Meteorfall and Card Thief have shown us. The Universal update will be free for those who own the tablet version, at least for …read more

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Trailer Tuesday – Gods ‘n’ Trains ‘n’ Suns ‘n’ Bones

Take a downhill ride, gather mortal followers, become a ghostly judge, and hop aboard a train in this week’s Trailer Tuesday.

Bones ‘n’ Bullets

“Grab a gun, learn your magick and jump into the boots of an undead soldier hellbent on saving the universe from the evil Lord Naglfaar!”

Bones ‘n’ Bullets is currently in development, but you can follow its creation through the developer’s Twitter account.


Descenders is extreme downhill freeriding for the modern era, with procedurally generated worlds, and where mistakes have real consequences. Will you lead your team to glory and become the next legendary Descender?”

Descenders is available now on Xbox One and Steam.

Tabletop Gods

“In Tabletop Gods you play the role of a god vying for power. Gather your devout mortal followers and face-off against other players on desktop PC or in VR (Rift or Vive) as you lead your army across tabletop battlefields in frenetic, arcade-style battles.”

Tabletop Gods is available now (in an Early Access state) on the Humble Store and Steam.


“Go on a dangerous journey …read more

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Mortal Kombat 11 and Days Gone Are the Best-Selling Games of April 2019

The NPD report for April 2019 is in, and Mortal Kombat 11 and Days Gone were the month’s best-selling games in the United States.

The report, with analysis from Mat Piscatella, notes that Mortal Kombat 11 instantly became the second best-selling game of 2019 year-to-date, and was the best-selling game on every platform it was released on: PC, PlayStation 4, Xbox One and Nintendo Switch. This is the first time a third-party published game has been Nintendo Switch’s best-selling title since Mario + Rabbids Kingdom Battle was released in 2017.

Days Gone’s debut month sales rank as the seventh highest in history for a Sony-published game, and in the time since its release has already become the best-selling game developed by Sony Bend in lifetime revenue.

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Sony’s ‘PS5’ Next-Gen Performance Video Spurs Many Fan Questions

Yesterday, Wall Street Journal reporter Takashi Mochizuki shared a video of Sony’s demonstration of the next-gen PlayStation vs. PlayStation 4’s performance, and while the difference in loading times is significant, some fans have raised questions around what this hardware boost means for AI improvements, display resolutions, frame rates, and its ultimate price point.

In the demonstration, Marvel’s Spider-Man for PS4 was running on prototype next-gen hardware, which was compared to how it runs on a PS4 Pro. The video showed the new hardware loading Spider-Man’s version of NYC much more quickly and seamlessly than current-gen hardware.

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SwitchArcade Round-Up: ‘Redout’, ‘Undead Horde’, and ‘Chicken Rider’ Reviews, ‘Resident Evil 4’, ‘Team Sonic Racing’, and Today’s Other New Releases, Sales, and More

Hello gentle readers, and welcome to the SwitchArcade Round-Up for May 21st, 2019. Today is quite the release day. For whatever reason, we’ve got three Resident Evil games, the new Team Sonic Racing game, a new Atelier RPG, and even Assassin’s Creed III Remastered. There are a couple of news nuggets for you to enjoy, and three reviews to look through. All that plus the usual sales information is waiting for you today, so let’s get to it!


‘Dragon’s Lair Trilogy’ Gets a Physical Release Through Limited Run Games

Feels like it’s about time for Limited Run Games to announce its next Switch release, and yes, there it is. Beginning May 24th, open pre-orders on Dragon’s Lair Trilogy will be available through Limited Run Games’s website. There will also be a nifty special edition available for about seven seconds, and given how serious Dragon’s Lair collectors tend to be, I wish you good luck with that. Dragon’s Lair Trilogy includes the two Dragon’s Lair games and Space Ace, all of which were originally laserdisc arcade games that dazzled arcade-goers in the 1980s. Good games? No, not really. But the original Dragon’s Lair is historically significant and all three games are great examples …read more

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World War Z Studio Wanted To Do a Remake of Half-Life 2

Saber Interactive, the developer behind World War Z, approached Valve with the possibility of having it remake Half-Life 2. However, Valve responded that if a remake does happen, it will be done internally.

GameWatcher spoke to Saber Interactive CEO and co-founder Matthew Karch who discussed that after Saber worked on Halo: The Master Chief Collection, the team then turned its eyes to Half-Life 2.

“After we did Halo Anniversary and Halo 2 Anniversary, as part of the Master Chief Collection, I reached out to Gabe Newell personally, because I knew him from a past life, and I said I want to remake Half-Life 2,” Karch said. “That’s all I want to do. I won’t charge you anything for it. I’ll do it for rev-share and doesn’t even need to be a big rev-share. I just really want to do because I love that game so much.”

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