Wise: Fintech’s shares crater as it forecasts slower income growth Fintech Money transfer firm Wise's shares have cratered after it forecast a slowdown in income growth this year, as the boost it received from historic interest rate hikes dies down.
Wise among best fintech stocks in global top 25, broker says Fintech Wise is among the best names in a group of top 25 global fintech stocks, according to a leading broker, as the money transfer firm is expected to post strong growth this year.
Wise: London darling feels benefit of higher interest rates on bottom line Business Cross-border volumes for all customers rose 14 per cent to over £30bn with "strong growth" in the smaller personal volume.
Wise keeps its head above water as big banks look for slice of the payments pie January 10, 2024 The London-listed fintech is starting to face competition from bigger, more established lenders, as well as new challengers looking for a slice of the payments action.
HSBC to challenge Revolut and Wise with new forex app January 2, 2024 HSBC launches international payments app to rival fintechs Revolut and Wise, to grab a slice of the booming market for affluent customers.
From a £600m profit to a £1bn loss: The investors who made the most from London-listed firms this year December 31, 2023 The co-founder of fintech Wise has emerged as the top gainer in London's public markets this year, with an average daily gain of over £1.6m.
Wise sees 280 per cent boost in profit from high interest rates November 14, 2023 Wise has reported a 280 per cent increase in profit as high interest rates continue to boost the foreign exchange fintech's income.
Can’t keep up: Wise halts new UK and EU business customers amid capacity strains November 9, 2023 London-listed fintech firm Wise has been forced to freeze onboarding all new business clients across the UK and Europe due to “high demand”, in the latest hiccup to face the firm after it “deactivated” all US business cards last week.
Wise: Profit upgrade sends shares jumping as fintech firm revels in rising interest rates October 12, 2023 Wise shares have jumped this morning after the fintech firm hiked its profit guidance for the year on the back of a boom in customer numbers and bumper income from interest rates. Wise, which offers a current account to customers and allows them to ping currency overseas, said in a trading update this morning income [...]
Wise breached Russia sanctions with £250 withdrawal and accused of having ‘inappropriate’ controls August 31, 2023 London fintech firm Wise has been accused of “inappropriate” controls by the government regulator today after allowing a sanctioned Russian customer to withdraw cash from a business account. Wise, which allows businesses and individuals to open current accounts and transfer money overseas, allowed the company of a so-called “Designated Person” to successfully withdraw £250 in [...]