Wise (TransferWise)
Wise Eyes Wall Street: UK Fintech Plans US Listing After Record Year
- London-based fintech reports £145.2 billion in transaction volume while announcing dual-listing strategy.
- The cross-border payments company achieved 21% customer growth to 15.6 million users and 17% profit increase to £282.1 million.
Thursday, 05/06/2025 | 06:36 GMT by
Damian Chmiel
Business Transfers Boom at Wise, but Personal Accounts Still Dominate
- 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%.
Tuesday, 15/04/2025 | 07:28 GMT by
Arnab Shome
Wise Posts 24% Volume Growth as Morgan Stanley Deal Boosts Reach
- The company reported cross-border volumes of £37.8 billion in Q3 FY25, driven by 9 million active customers.
- It also secured major partnerships with Morgan Stanley and Standard Chartered while expanding services in Brazil.
Thursday, 16/01/2025 | 08:13 GMT by
Damian Chmiel
Wise Posts 57% Profit Jump as Customer Base Expands Beyond 11 Million
- The fintech reports strong H1 FY25 results with 19% revenue growth and a 57% increase in underlying profit.
- It also reduced transfer costs for customers and achieved a 63% instant payment completion rate.
Wednesday, 06/11/2024 | 07:36 GMT by
Damian Chmiel
“Careless Rather Than Deliberate or Reckless” Approach Cost Wise CEO Another +£350K Fine
- Kristo Käärmann faces an FCA penalty for failing to disclose his deliberate tax default status.
- The regulatory action follows his failure to report a £720,425 capital gains tax liability.
Monday, 28/10/2024 | 07:33 GMT by
Damian Chmiel
Wise Q2 Update: Active Users Hit 8.9M, Volume Reaches £35.2B
- The company reported results with a 23% increase in active customers and a 20% growth in cross-border volume.
- It also reduced fees while maintaining 17% revenue growth and its full-year outlook.
Tuesday, 15/10/2024 | 06:50 GMT by
Damian Chmiel
India’s $32 Billion Remittance Market Attracts Wise as It Lifts Transaction Cap
- The Reserve Bank of India has granted Wise a new license, allowing higher remittance limits.
- India’s $7 trillion digital payments market by 2030 drives fintechs to navigate complex regulations.
Monday, 12/08/2024 | 05:10 GMT by
Tareq Sikder
Wise Partners with Qonto to Smooth Out Cross-Border Transactions
- Qonto customers can now send money to 24 currencies across 130 countries with enhanced tracking.
- Wise Platform will be integrated into Qonto’s, using the mid-market exchange rate without hidden fees.
Wednesday, 26/06/2024 | 11:09 GMT by
Tareq Sikder
Wise Increases Active User Base by 29% to 8 Million
- Financial performance was strong with 36% income growth.
Tuesday, 16/04/2024 | 06:37 GMT by
Damian Chmiel
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}