UK-based fintech company TransferWise is now valued at $5 billion by investors, following a secondary share sale batch that saw early employees and investors in the company cash out to the tune of $319 million. The share sale, which was announced on Wednesday, didn’t add any fresh cash to TransferWise’s balance sheet. Before now, TransferWise’s most recent financing round valued the company at $3.5 billion. 

“We’ve been funded exclusively by our customers for the last few years and we didn’t need to raise external funding for the company,” Kristo Kaarmann, TransferWise’s CEO and co-founder, said in a statement. “This secondary round provides an opportunity for new investors to come in, alongside rewarding the investors and employees who’ve helped us succeed so far.”

U.K. fintech companies including the likes of Revolut and Checkout.com have raised sizeable amounts of funding as of recent. Just recently, Revolut secured $80 million in new funding while Checkout.com secured $150 million in new funding just last month. With TransferWise’s $5 billion valuation, the company remains one of the UK’s most highly-valued fintech companies but not the most valued. Revolut and Klarna take that title with each valued at $5.5 billion by investors.

With this new funding, TransferWise’s fundraisings and secondary share sales since its inception now amount to over $1 billion.