Provider Insights

Geographical Focus:

Wise, formerly known as TransferWise, provides a broad spectrum of digital financial services globally. It facilitates international money transfers across numerous countries, offering a platform for personal and business use to manage money in multiple currencies. Its operations are purely digital with no physical branches, aiming to bring transparency and ease to the international currency exchange and transfer landscape.

Licenses:

Wise Payments Ltd.: Authorised by the Financial Conduct Authority, Firm Reference 900507, under the Electronic Money Regulations 2011 for issuing electronic money.

Last Fundraising Round:

Wise offers international money transfer services globally alongside other digital banking services, operating as a digital financial institution without physical branches.

Investors:

Wise has garnered support from notable investors like Andreessen Horowitz (A16) and Valar Ventures, which have played an instrumental role in its growth journey. The backing from these investors not only provided the necessary capital but also validation and strategic insights that helped shape Wise's global expansion and product development. The public listing further diversified Wise's investor base, opening up ownership to a wider public audience.