Global Fintech Wise Enhances Professional Team with Appointment of Isabel Naidoo

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer.

Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable experience leading transformational change, while being focused on building out people strategy in the financial services, tech, and consulting industries.

Based in Wise’s London offices, Isabel will be responsible for handling the strategy for Wise’s people-focused efforts during a period of steady growth, as Wise focuses on its goal to recruit  1,000 professionals before the end of 2022.

Isabel Naidoo, Chief People Officer at Wise, stated:

“I am excited to be joining an organisation with such a unique culture, which I am already seeing and experiencing. Wise has fully autonomous teams liberated to focus on customers’ biggest problems as well as unique benefits like equal parental leave across the globe that reflect our commitment to building and retaining diverse teams. This is a business that is disrupting not only how quickly and easily our customers can move money, but also what it means to thrive at work.”

Kristo Käärmann, Co-Founder and CEO of Wise, remarked:

“Wise as a product is only as great as the people building and operating it. I’m pleased to welcome Isabel to the team, who’s joined to help us design the best environment for our teams to hire, build, and grow, so we can move forward even faster towards our mission of money without borders.”

As covered recently, Wise, a global transfers, payments and stealth bank, has reported its Q1 2022 performance. According to the company, it facilitated over £24 billion in transactions during the quarter increasing 49% versus Q1 year prior. In comparison to Q4 2021, Wise delivered a 14% increase (£21.4 billion).

Q1 top line revenue was reported at £185.9 million versus £123.5 million in Q1 2021 and an increase from £153.8 million in Q4 of last year.

Wise CEO and co-founder Kristo Käärmann, commented on the company’s performance:

“In the three months to 30 June 2022, we helped 5 million active customers move more than £24 billion across borders, a 49% increase on last year. We also reached a key milestone in our mission, more than 50% of all cross-border transfers are now completed instantly.”

He added:

“Our Wise Account and Wise Business products got even better as we launched 2-step payment approvals and employee spending controls on mobile for our business customers. The average price that our customers paid for cross-border transactions reduced from 0.67% to 0.61% in Q1 FY23 compared with the same period last year and was unchanged compared with Q4 FY22.”

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