PYMNTS Daily Data Dive: Mobile Shop Wish Gets Funded

Wish, the company behind the mobile shopping app of the same name, recently raised $500 million in a new round of funding. Wish is now valued between $3.5 billion and $5 billion. Currently, Wish facilitates about $2 billion worth of sales and gets a 12 to 15 percent cut.

Here are the numbers:

$500 million | Amount raised in this most recent round of funding
$3.5 billion | Lower total estimated valuation for mobile shop Wish
$2 billion | Value of sales that Wish facilitates
12 to 15 | Percent cut Wish gets from its sales