Wise: Fintech’s shares pop as swelling customer base boosts profit Fintech Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.
Wise shares boosted by Standard Chartered FX deal Fintech Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
Wise boss fined by City regulator for ‘significant tax issue’ Fintech The Financial Conduct Authority (FCA) said the issue was relevant to its "assessment of Mr Käärmann's fitness and propriety" and he had therefore breached a senior manager conduct rule.
Wise doubles down on growth outlook after boom in customers October 15, 2024 Payments fintech firm Wise has doubled down on its guidance for the year today after a jump in customers using its platform over the summer. In a trading update on its second quarter, the London-listed fintech reported a 23 per cent rise in users compared to the same period last year, bringing its total active [...]
Wise: Fintech’s shares crater as it forecasts slower income growth June 13, 2024 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 June 4, 2024 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 April 16, 2024 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.