OverviewSuggest Edit

Wise (formerly known as TransferWise) is a foreign exchange and money remittance company. It provides a mobile app that enables users to send money abroad at the real exchange rate and track transfers in their accounts.

TypePublic
Founded2011
HQLondon, GB
Websitewise.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Mar 2021)2,243(+2%)
Job Openings373
Revenue (FY, 2021)£421 M(+40%)
Share Price (Apr 2022)£3.9(-3%)
Cybersecurity ratingFMore
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Key People/Management at Wise

Taavet Hinrikus

Taavet Hinrikus

Chairman and Co-Founder
Alex Rampell

Alex Rampell

Non-Executive Director
Kristo Kaarmann

Kristo Kaarmann

Co-Founder, Chief Executive Officer
Clare Gilmartin

Clare Gilmartin

Independent Non-Executive Director
Ben Steyn

Ben Steyn

Head of Compliance
Hooi Ling Tan

Hooi Ling Tan

Independent Non-Executive Director
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Wise Office Locations

Wise has offices in London, New York, Tampa, Melbourne and in 17 other locations
London, GB (HQ)
56 Shoreditch High St, Shoreditch
Tallinn, EE
Veerenni 24
Budapest, HU
Váci út 80. 3rd floor
Singapore, SG
12 Kallang Avenue, #03-20 Aperia
New York, NY, US
19 W 24th St Floor 9
Tampa, FL, US
2000 E 11th Ave
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Wise Financials and Metrics

Wise Revenue

Wise's revenue was reported to be £421 m in FY, 2021
GBP

Revenue (H1, 2022)

256.3m

Gross profit (H1, 2022)

190.6m

Net income (H1, 2022)

12.7m

EBITDA (H1, 2022)

50.0m

EBIT (H1, 2022)

38.4m

Market capitalization (27-Apr-2022)

5.5b

Closing stock price (27-Apr-2022)

3.9

Cash (30-Sept-2021)

4.2b

EV

1.4b
Wise's current market capitalization is £5.5 b.
Annual
GBPFY, 2019FY, 2020FY, 2021

Revenue

177.9m302.6m421.0m

Cost of goods sold

(66.5m)(111.4m)(151.7m)

Gross profit

111.8m191.4m273.1m
Half Year
GBPH1, 2022

Revenue

256.3m

Cost of goods sold

(66.6m)

Gross profit

190.6m
Annual
GBPFY, 2019FY, 2020FY, 2021

Cash

856.1m2.1b3.4b

Accounts Receivable

87.9m52.1m44.3m

Prepaid Expenses

5.3m8.5m7.1m
Half Year
GBPH1, 2022

Cash

4.2b

Accounts Receivable

62.9m

Prepaid Expenses

5.8m
Annual
GBPFY, 2019FY, 2020FY, 2021

Net Income

10.3m15.0m30.9m

Depreciation and Amortization

6.3m20.6m21.7m

Accounts Payable

7.5m9.1m30.0m
Half Year
GBPH1, 2022

Net Income

12.7m

Depreciation and Amortization

11.6m

Accounts Payable

33.2m
GBPFY, 2019

Revenue/Employee

136.8k
Show all financial metrics

Wise Operating Metrics

Wise's Customers was reported to be 10 m in FY, 2021. Wise's Active Customers was reported to be 300 k in FY, 2021.
Mar, 2017May, 2017Nov, 2017Q4, 2018Sep, 2018FY, 2019May, 2019Sep, 2019FY, 2020Jul, 2020FY, 2021

Customers

1 m2 m3 m4 m5 m5 m6 m7 m8 m10 m

Monthly Transactions

800 k

Active Customers

194 k300 k

Countries

4269707080
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Wise Acquisitions / Subsidiaries

Company NameDateDeal Size
PT TransferWise International Indonesia
TINV Ltd.
TransferWise Australia Pty Ltd
TransferWise Borderless Limited
TransferWise Brasil Correspondente Cambial Ltda.
TransferWise Brasil Corretora de Câmbio Ltda
TransferWise Canada Inc
TransferWise Europe S.A.
TransferWise Hong Kong Limited
TransferWise Inc.
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Wise Revenue Breakdown

Embed Graph

Wise revenue breakdown by business segment: 81.1% from PERSONAL and 18.9% from BUSINESS

Human Capital Metrics

Embed Graph
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Wise Cybersecurity Score

Cybersecurity ratingPremium dataset

F

57/100

SecurityScorecard logo

Wise Online and Social Media Presence

Embed Graph

Wise News and Updates

pinned

Transferwise 'would not set up in London' if launching now

Transferwise 'would not set up in London' if launching nowTaavet Hinrikus, the founder and CEO of money transfer service TransferWise, speaks to Adam Parsons about why London has become a hub for financial technology but explains why he wouldn't choose to headquarter his firm here if he was launching it today.
pinned

How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar Company

How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar CompanyThe London money-transfer startup TransferWise is now worth nearly $1 billion, a huge milestone for any tech startup — especially in Europe.

Wise opens the gate for US investors with ADR program

Wise has opened the door to US-based customers and retail and institutional investors seeking to invest in the company from September 2021.

Wise plc American Depositary Receipt Program

Wise plc (LON: WISE) is pleased to announce it has taken steps today to establish a level 1 American Depositary Receipt (ADR) program in the US by filing a registration statement on Form F-6 with the US Securities and Exchange Commission. It is expected that Wise's ADRs will begin trading on the ove…

Directors/PDMR Shareholding

Wise plc (the "Company") announces that the following transaction in the Company's class A ordinary shares of £0.01 each ("Shares") has been undertaken by directors/persons discharging managerial responsibility ("PDMR").

Total Voting Rights and Capital

The Company's issued share capital consists of 994,589,856 class A ordinary shares of £0.01, each carrying one vote ("Class A Shares") and 398,889,814 class B ordinary shares of £0.000000001, each carrying nine votes ("Class B Shares"). The Company does not hold any Class A Shares or Class B Shares …
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Wise Frequently Asked Questions

  • When was Wise founded?

    Wise was founded in 2011.

  • Who are Wise key executives?

    Wise's key executives are Taavet Hinrikus, Alex Rampell and Kristo Kaarmann.

  • How many employees does Wise have?

    Wise has 2,243 employees.

  • What is Wise revenue?

    Latest Wise annual revenue is £421 m.

  • What is Wise revenue per employee?

    Latest Wise revenue per employee is £187.7 k.

  • Who are Wise competitors?

    Competitors of Wise include Remitly Global, N26 and Qonto.

  • Where is Wise headquarters?

    Wise headquarters is located at 56 Shoreditch High St, Shoreditch, London.

  • Where are Wise offices?

    Wise has offices in London, New York, Tampa, Melbourne and in 17 other locations.

  • How many offices does Wise have?

    Wise has 21 offices.