Wise reports £39.1B in cross-border volumes, 9.3M active users, and global expansion, despite a drop in take rate.
Customer growth and new market launches fuel Wise’s Q1, but margins tighten as take rate dips to 0.53%.
Wise (LON: WISE) announced today (Tuesday) that its quarterly cross-border volumes in the three months ended 31 March 2025 jumped by 28 per cent to £39.1 billion, while its customer holdings increased 33 per cent to £21.5 billion.
Strong Figures from Wise
Another key metric that improved was the number of active customers on the platform, which crossed 9.3 million—a 17 per cent year-on-year increase. The platform remains focused on personal accounts, with the number of such accounts reaching over 8.8 million, compared to around 453,000 business accounts.
However, when it comes to cross-border transaction volume, business accounts contributed £10.7 billion, while personal accounts sent £28.4 billion.
Kristo Käärmann, Co-founder and CEO of Wise
“We ended the financial year by taking Wise to even more people and businesses around the world,” said Kristo Käärmann, Co-Founder and CEO of Wise, hinting that the growth was supported by the platform’s launch in Mexico and the introduction of business accounts in Hong Kong.
Focus Is on Expansion
Apart from customer-related metrics, the London-listed company ended the quarter with an underlying income of £350.4 million, a 13 per cent rise. Although its cross-border take rate dropped by 14 basis points to 0.53 per cent, instant transfers improved to 65 per cent from 62 per cent.
Meanwhile, the company's cross-border revenue came in at £208.4 million, a decline of 2 per cent quarter-on-quarter, but a 2 per cent increase year-on-year.
“We continue to move closer to achieving money without borders by investing in our long-term growth,” Käärmann added. The company is indeed expanding globally.
“We recently launched our popular Interest feature in Australia, helping more customers earn returns by placing their money in funds backed by government-guaranteed assets,” the CEO said. “We also announced the opening of a new hub in Hyderabad to drive growth in India, building on recent office expansions in London, Tallinn and Singapore.”
Wise (LON: WISE) announced today (Tuesday) that its quarterly cross-border volumes in the three months ended 31 March 2025 jumped by 28 per cent to £39.1 billion, while its customer holdings increased 33 per cent to £21.5 billion.
Strong Figures from Wise
Another key metric that improved was the number of active customers on the platform, which crossed 9.3 million—a 17 per cent year-on-year increase. The platform remains focused on personal accounts, with the number of such accounts reaching over 8.8 million, compared to around 453,000 business accounts.
However, when it comes to cross-border transaction volume, business accounts contributed £10.7 billion, while personal accounts sent £28.4 billion.
Kristo Käärmann, Co-founder and CEO of Wise
“We ended the financial year by taking Wise to even more people and businesses around the world,” said Kristo Käärmann, Co-Founder and CEO of Wise, hinting that the growth was supported by the platform’s launch in Mexico and the introduction of business accounts in Hong Kong.
Focus Is on Expansion
Apart from customer-related metrics, the London-listed company ended the quarter with an underlying income of £350.4 million, a 13 per cent rise. Although its cross-border take rate dropped by 14 basis points to 0.53 per cent, instant transfers improved to 65 per cent from 62 per cent.
Meanwhile, the company's cross-border revenue came in at £208.4 million, a decline of 2 per cent quarter-on-quarter, but a 2 per cent increase year-on-year.
“We continue to move closer to achieving money without borders by investing in our long-term growth,” Käärmann added. The company is indeed expanding globally.
“We recently launched our popular Interest feature in Australia, helping more customers earn returns by placing their money in funds backed by government-guaranteed assets,” the CEO said. “We also announced the opening of a new hub in Hyderabad to drive growth in India, building on recent office expansions in London, Tallinn and Singapore.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
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In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
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Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
