Tagged: wise

Stealth Bank Wise: In Q3 FY 2023, Transfer Volume Rocked by 28% Versus Year Prior Quarter, Highly Profitable

Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive… Read More

Wise Reports 15 New Partners to Begin 2023

Wise (formerly dba as Transferwise) (LSE:WISE) has announced 15 new partners, in four different markets, to start 2023. In total, Wise now claims 60 partners globally. Wise shares that almost 10 million new customers gained access to Wise, via the Wise Platform, in 2022 alone…. Read More

Remittances Report: Billions of Dollars Lost Each Year Due to Costly Cross-Border Transaction Fees

Millions of consumers are offering financial support to friends and family members residing abroad. However, when it comes to getting those (remittances) to the intended recepients, it is a lot more costly than it should be, according to an update from Fintech firm Wise (LSE:WISE)…. Read More

Fintech Wise Plans Increased US Presence in 2023

Wise (LSE:WISE), a global Fintech enabling the movement of money and aspiring neobank, says it will boost its presence in the US to meet the increasing demand of its services. Based in London, Wise states that it plans to increase its headcount by 250 in… Read More

Digital Banking: ZA Bank Integrates Wise to Offer Low Cost Global Transfers

Wise (LON:WISE) has been integrated into the digital banking firm in Hong Kong ZA Bank. According to a note from ZA bank, the partnership between the two firms is the first bank in Hong Kong to provide money transfers with no exchange rate mark up…. Read More

Wise, Deal Partner on New Service Making Payroll Simpler, Faster

Wise (LSE:WISE) has partnered with Deel on a new service that aims to make payroll processing far simpler and faster. Deel has been a Wise Platform partner since 2019. Deel is a company that enables the hiring and payments services for companies hiring international employees… Read More

Global Fintech Wise Planning to Introduce Assets Investing Service Across Europe

Fintech firm Wise (LSE:WISE) is reportedly planning to introduce its Assets investing service across Europe after acquiring an operational license in Estonia. Presently available in the United Kingdom, Assets allows clients to hold cash in their multi-currency accounts in various asset classes, while also being… Read More

Wise Platform Introduces Integration Solution, International Receive

Wise Platform (LSE:WISE) recently launched their newest integration solution, International Receive. As noted in a blog post, customers at partner organizations using International Receive will be able “to quickly, easily and affordably receive cross-border payments, even if their bank is not connected to the SWIFT… Read More

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… Read More

Wise Q1 Earnings: Top Line Growth as Users Increase, 50% of Cross Border Transfers are Now Instant

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… Read More

Wise Co-founder Taavet Hinrikus Partners on €250M Technology Fund

Taavet Hinrikus, the Co-founder of Fintech firm Wise, has launched Plural, a €250 million (appr. £216 million) investment platform aimed at supporting a new generation of technology startups and digital entrepreneurs. Other founders of the Group reportedly include Songkick businessman Ian Hogarth, tech investor Khaled… Read More

Fintech Monzo Integrates with Wise for Cross-Border Business Payments

The team at Fintech Monzo notes that you can now send funds abroad from your Monzo Business account. Monzo confirmed that they have partnered with global Fintech firm Wise (LSE:WISE) in order to give clients a simple, affordable way to send funds overseas. The money… Read More

Wise Appoints Interim CFO

Wise (LSE:WISE) the global payments, transfer platform, and stealth bank, has moved to appoint an interim Chief Financial Officer following a bike accident involving Matthew Briers, Wise CFO. Wise issued the following statement: To ensure Matthew’s recovery is complete, his return to work will be gradual…. Read More

Global Fintech Wise to Recruit 150 Professionals for Singapore Offices

Cross-border payments Fintech Wise (LSE:WISE) intends to hire around 150 professionals for its Singapore business offices in 2022. Wise‘s management noted that this includes key roles focused on engineering, product development, design, analytics, compliance, payments and various other operations in order to support ongoing product… Read More

Wise Teams Up with Tencent Financial Technology to Streamline Global Money Transfers to China via Weixin

Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More

Fintech Wise Explains Why their Payment Options Might Be Better than Other Service Providers

If you’ve sent or received a payment from a friend or family member, you might have used either Zelle or Venmo to complete the transaction. These Fintech payment services enable consumers to send and receive local personal payments easily, with simply an email address or… Read More

Wise Says International Banking Complexities Hurts US Small Businesses

Wise (LSE:WISE) has completed research that concludes international banking undermines the effectiveness of small businesses to expand. A challenge that should come as no surprise to SMEs aiming to expand overseas. Wise states that “broken payments and banking technology remain a barrier to international ambitions.”… Read More

European VC Sapphire Ventures Shifts Staff Before Busy 2022

European VC firm Sapphire Ventures will significantly expand its European investment activities over the coming year, the company said this week. As part of this expansion, which follows the opening of the firm’s first European office last year, Sapphire promoted Annalise Dragic, currently a principal,… Read More

UK Fintech Wise Co-founder Taavet Hinriku Steps Down from Chairperson Role, Company Appoints Ex- Netflix CFO

Taavet Hinriku, the Co-founder of UK-based Fintech Wise (LSE:WISE) (formerly doing business as TransferWise), has reportedly stepped down from his position as company chairperson and Director. The former CFO at Netflix, David Wells, will be replacing Hinriku with immediate effect (as reported on December 10,… Read More

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