Western Union Competitors and Similar CompaniesClear all
Western Union's competitors and similar companies include Wise and PayPal.
 Western Union The Western Union is a global provider of money movement and payment services for consumers and businesses. |  Wise Wise (formerly known as Newco) is a financial technology company that provides money transfer and online currency exchange solutions. | ||
Founding Date | Founding Date 1851 | Founding Date 2011 | Founding Date 1998 |
Type | Type Public | Type Public | Type Public |
Tags | |||
Locations | Locations London, GB HQ Melbourne, AU Sydney, AU Sydney, AU Brussels, BE Brussels, BE São Paulo, BR see more | ||
Employees | Employees 9,0001% increase | Employees 6,000 | Employees 27,2009% decrease |
Valuation ($) | Valuation ($) 4 b | Valuation ($) 96.2 m | Valuation ($) 73.6 b |
Financial | |||
Revenue (est.) | Revenue (est.) $4.2b (FY, 2024) | Revenue (est.) £1.1b (FY, 2024) | Revenue (est.) $31.8b (FY, 2024) |
Cost of goods | Cost of goods $2.6b (FY, 2024) | Cost of goods £252.5m (FY, 2024) | Cost of goods N/A |
Gross profit | Gross profit $1.6b (FY, 2024) | Gross profit £805.2m (FY, 2024) | Gross profit N/A |
Net income | Net income $934.2m (FY, 2024) | Net income £354.6m (FY, 2024) | Net income $4.1b (FY, 2024) |
Operating ⚠ | |||
Countries | Countries 200 (FY, 2022) | Countries 170 (FY, 2023) | Countries N/A |
Currencies | Currencies N/A | Currencies 40 (FY, 2023) | Currencies 150 (FY, 2022) |
Transactions | Transactions 70.6 m (Q2, 2023) | Transactions N/A | Transactions 6.5 b (Q1, 2024) |
Funding | |||
Total funding raised | Total funding raised N/A | Total funding raised $ 1b | Total funding raised $ 217m |
For sources of this data, please see the company profile
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Wise
HQ
London, GB
Employees
6,000
Wise (formerly known as Newco) is a financial technology company that provides money transfer and online currency exchange solutions.
View company
PayPal
HQ
San Jose, US
Employees
27,200↓ 9% decrease
PayPal Holdings is a technology company that provides online payment solutions.
View company