ADVERTISEMENT
Market news, analysis & forecast powered by
Preview Mode
News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
What are you looking for?
What are you looking for?
Subscribe to our News & Services
All News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
To B, or Not to Be
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
About Us
Contact us
Terms of Use
Privacy
Market News
by
Subscribe to our News & Services
FM ALL News
FM Crypto
Follow us on Twitter
Follow us on Linkedin
FM Home
>
Wise transferwise
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Nexo Enhances Data Security Credentials With SOC 3 Assessment
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Nexo Enhances Data Security Credentials With SOC 3 Assessment
Thought Leadership
ADVERTISEMENT
Wise (TransferWise)
Search for a tag
Payments
Wise Projects 15–20% Income Growth for FY25 amid Strong First Quarter
2024-07-16T08:49:16.286+02:00
Cross-border payments company sees 18% volume increase and 22% underlying income growth.
On top of that, the number of active customers rose 26% compared to the Q1 last year.
T
u
e
s
d
a
y
,
1
6
/
0
7
/
2
0
2
4
|
0
6
:
4
9
G
M
T
by
Damian Chmiel
Payments
Wise Partners with Qonto to Smooth Out Cross-Border Transactions
2024-06-26T13:09:02.222+02:00
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.
W
e
d
n
e
s
d
a
y
,
2
6
/
0
6
/
2
0
2
4
|
1
1
:
0
9
G
M
T
by
Tareq Sikder
FinTech
Wise’s FY24 Profit Jumps 212%: Active Customers Hit 12.8 Million
2024-06-13T09:26:58.505+02:00
The platform netted £354.6 million in profits in the year.
Europe was its largest revenue generator, with £323.9 million.
T
h
u
r
s
d
a
y
,
1
3
/
0
6
/
2
0
2
4
|
0
7
:
2
6
G
M
T
by
Arnab Shome
Payments
Wise Increases Active User Base by 29% to 8 Million
2024-04-16T08:37:26.396+02:00
Financial performance was strong with 36% income growth.
T
u
e
s
d
a
y
,
1
6
/
0
4
/
2
0
2
4
|
0
6
:
3
7
G
M
T
by
Damian Chmiel
FinTech
Nubank Teams Up with Wise to Expand International Financial Offerings
2024-04-08T17:27:30.127+02:00
Wise Platform has 85 global partners including Bank Mandiri, Shinhan Bank and Google Pay.
Nubank has over 90 million customers in South America, with 85 million in Brazil.
M
o
n
d
a
y
,
0
8
/
0
4
/
2
0
2
4
|
1
5
:
2
7
G
M
T
by
Tareq Sikder
Executive Moves
Wise Taps Delivery Hero’s Executive for the CFO Role
2024-03-25T10:11:36.930+02:00
Emmanuel Thomassin will join the fintech on 1 October 2024.
He will be the permanent replacement of Matthew Briers who stepped down recently.
M
o
n
d
a
y
,
2
5
/
0
3
/
2
0
2
4
|
0
8
:
1
1
G
M
T
by
Arnab Shome
FinTech
Wise’s Growth Continues in Q3 FY24: Income Jumps 40%
2024-01-16T09:54:15.056+02:00
The platform generated a quarterly revenue of £276.6 million.
It upgraded its annual income growth guidance to 42-44 percent.
T
u
e
s
d
a
y
,
1
6
/
0
1
/
2
0
2
4
|
0
7
:
5
4
G
M
T
by
Arnab Shome
ADVERTISEMENT
FinTech
H1 Performance of Wise: EBITDA Jumps 163%, Outlook Remains Bullish
2023-11-14T10:19:05.527+02:00
The EBITDA margin of the company improved to 36.7 percent.
It is expecting an annual income growth between 33 and 38 percent.
T
u
e
s
d
a
y
,
1
4
/
1
1
/
2
0
2
3
|
0
8
:
1
9
G
M
T
by
Arnab Shome
Payments
Wise Elevates FY24 Outlook amid Q2 Figures: Revenue, Volume Rise
2023-10-12T09:31:59.200+02:00
The company ended the quarter with a revenue of £258.7 million.
It is now expecting a higher profit margin for FY24 than expected.
T
h
u
r
s
d
a
y
,
1
2
/
1
0
/
2
0
2
3
|
0
7
:
3
1
G
M
T
by
Arnab Shome
Executives
"Payment and Investment Firms Are Well-Suited Towards a Mutual Goal": Wise Platform Head
2023-08-24T10:24:03.487+02:00
Wise has partnered with multiple brokers, including IBKR, to facilitate payments.
The platform ensures faster and more cost-effective transfers.
T
h
u
r
s
d
a
y
,
2
4
/
0
8
/
2
0
2
3
|
0
8
:
2
4
G
M
T
by
Arnab Shome
FinTech
Wise Reports 33% Jump in Active Customer Base to 6.7 Million
2023-07-18T09:14:32.873+02:00
The cross-border payments firm reported a revenue increase of 29%
In addition, Wise elevated its volume to £28.2 billion.
T
u
e
s
d
a
y
,
1
8
/
0
7
/
2
0
2
3
|
0
7
:
1
4
G
M
T
by
Damian Chmiel
FinTech
Wise Reports 34% Surge in Active Clients as Gross Profit Rises by 234%
2023-06-27T09:07:20.676+02:00
The surge in active users was fueled by high retention and word of mouth.
The company forecasts further growth of between 28 and 33% next year.
T
u
e
s
d
a
y
,
2
7
/
0
6
/
2
0
2
3
|
0
7
:
0
7
G
M
T
by
Damian Chmiel
Executive Moves
Wise CFO Matthew Briers to Step Down by March 2024
2023-05-22T09:30:47.929+02:00
He was involved in an accident last year.
The company will start to look for his replacement immediately.
M
o
n
d
a
y
,
2
2
/
0
5
/
2
0
2
3
|
0
7
:
3
0
G
M
T
by
Arnab Shome
FinTech
Wise Ends Q4 FY23 with a 45% YoY Revenue Jump
2023-04-18T10:20:25.123+02:00
It had 6.1 million active customers at the end of the quarter.
It now offers some return on held cash to Europe and US customers.
T
u
e
s
d
a
y
,
1
8
/
0
4
/
2
0
2
3
|
0
8
:
2
0
G
M
T
by
Arnab Shome
ADVERTISEMENT
Retail FX
'Pay with Wise' Now Available on Interactive Brokers Platform
2023-04-05T13:59:01.749+02:00
Transfers from Wise Balance are subject to a small fixed fee.
IBKR notes that it receives 5.5% of the 'transfer fee' collected and remitted by Wise.
W
e
d
n
e
s
d
a
y
,
0
5
/
0
4
/
2
0
2
3
|
1
1
:
5
9
G
M
T
by
Damian Chmiel
FinTech
Startup Atlantic Money Accuses UK Fintech Wise of Targeting Its Business
2023-01-27T16:17:02.741+02:00
Wise runs currency transfer sites such as Exiap, Geldtransfer and Currencyshop.
The London-based company says it is not afraid of listing cheaper competitors.
F
r
i
d
a
y
,
2
7
/
0
1
/
2
0
2
3
|
1
4
:
1
7
G
M
T
by
Solomon Oladipupo
FinTech
Wise Reports 80% Income Jump and Record User Base in Q3 FY23
2023-01-17T12:31:20.254+02:00
The total income rose to £268.7 million from £149 million reported last year.
Wise upgrades its guidance for FY23, forecasting total income to be 68-72% higher.
T
u
e
s
d
a
y
,
1
7
/
0
1
/
2
0
2
3
|
1
0
:
3
1
G
M
T
by
Damian Chmiel
FinTech
Wise's H1 FY23 Income Jumps 63%
2022-11-29T11:14:04.511+02:00
The revenue of the company increased by 55 percent in the period.
The number of active customers has jumped significantly.
T
u
e
s
d
a
y
,
2
9
/
1
1
/
2
0
2
2
|
0
9
:
1
4
G
M
T
by
Arnab Shome
FinTech
Wise Introduces Intermediary SWIFT Connection Service for Neobanks
2022-09-12T18:53:53.625+02:00
The new platform has gone live.
The service is also beneficial to established banks, Wise says.
M
o
n
d
a
y
,
1
2
/
0
9
/
2
0
2
2
|
1
6
:
5
3
G
M
T
by
Solomon Oladipupo
FinTech
UAE’s Free Zone Regulator FSRA Fines Wise $360k for Gaps in AML System
2022-08-30T16:37:03.859+02:00
No actual instance of money laundering was found.
FSRA said Wise has taken 'substantial steps' to cover identified gaps.
T
u
e
s
d
a
y
,
3
0
/
0
8
/
2
0
2
2
|
1
4
:
3
7
G
M
T
by
Solomon Oladipupo
ADVERTISEMENT
ADVERTISEMENT
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}