Wise executive chairman Taavet Hinrikus has sold off a hefty £81.5m chunk of his personal stake in the fintech company in order to finance his growing pool of startup investments.

Hinrikus, a co-founder of the London-listed money transfer business formerly known as TransferWise, completed a sale of around 10 million Class A shares at a value of 815p per share, the firm said on 22 October.