- Business
- Wise plc (WISE.L) provides cross-border and domestic financial services to personal and business customers across more than 160 countries and 40+ currencies; core products and services include international money transfers via bank transfer, debit or credit card; the Wise Account with multi-currency balance holding and global account details for receiving payments; international debit cards for spending and ATM withdrawals without foreign transaction fees; Wise Business with mass payments, invoice generation in 23 languages, QuickPay QR-code payments and business debit cards; Wise Platform APIs enabling banks and enterprises such as UniCredit, Raiffeisen Bank International, Upwork, Nubank, Itaú Unibanco, Morgan Stanley and Standard Chartered to integrate cross-border payment infrastructure; Wise Assets for earning returns on balances in select markets; and additional features like Travel Hub for exchange rates and ATM locations, accounts for under-18s and instant invoice payments. Founded in 2011 by Taavet Hinrikus and Kristo Käärmann and headquartered at 1st Floor Worship Square, 65 Clifton Street, London EC2A 4JE, United Kingdom, the company--formerly TransferWise and renamed in June 2021--operates through over 70 global regulatory licences and direct integrations into eight domestic payment systems including Pix in Brazil, InstaPay in the Philippines and forthcoming Zengin in Japan. In the past year, Wise expanded offices in London, Tallinn, Singapore and Austin; secured Central Bank of UAE approvals for Stored Value and Retail Payment Services alongside an AD-2 licence in India enabling a travel card; launched Wise Assets in Brazil and Interest returns in Australia; onboarded new Wise Platform partners contributing to 5% of cross-border volume; reduced average cross-border take rate to 52 basis points with 74% instant payments; grew active customers 18% to 13.4 million, cross-border volume 24% to £84.9 billion and customer holdings 37% to £25.3 billion in H1 FY26; announced plans for a primary US listing with secondary UK listing targeted for Q2 2026 to enhance US visibility and liquidity; committed £2 billion over two years for infrastructure, marketing tripling and product hires; and initiated expanded share repurchases of ~25 million shares into its Employee Share Trust.