About Wise
Wise is a company based in London (United Kingdom) founded in 2011 by Kristo Kaarmann. It operates as a FinTech, and Commission-Based. Wise has raised $1.03 billion across 15 funding rounds from investors including Fidelity Investments, Virgin and SVB. Wise offers products and services including International Money Transfers, Wise Account, and Wise Platform. Wise operates in a competitive market with competitors including CurrencyFair, Remessa Online, TransferGo, Western Union and SentBe, among others.
- Headquarter London, United Kingdom
- Founders Kristo Kaarmann
- Stage Public
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Wise Plc Class A
-
Annual Revenue
$2.27 B (USD)17.53as on Mar 31, 2024
-
Net Profit
$522.1 M (USD)17.51as on Mar 31, 2024
-
EBITDA
$713.92 M (USD)15.7as on Mar 31, 2024
-
Total Equity Funding
$1.03 B (USD)
in 15 rounds
-
Latest Funding Round
$226.98 M (USD), Debt – Venture
May 19, 2021
-
Investors
Fidelity Investments
& 76 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Wise
Wise is a publicly listed company on the LSE with ticker symbol WISE in UK, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Wise
Wise offers a comprehensive portfolio of products and services, including International Money Transfers, Wise Account, and Wise Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
International transfers are facilitated quickly with low fees.
Multi-currency accounts are provided for global transactions.
Integration solutions are offered for banks and enterprises.
Unlock access to complete
Unlock access to complete
Product Management Team
150 people
Software Development Team
144 people
Operations Team
38 people
Human Resources and Administration
38 people
Finance and Accounting
37 people
Creative and Marketing Team
36 people
Senior Team
34 people
Customer Team
18 people
Unlock access to complete
Funding Insights of Wise
Wise has successfully raised a total of $1.03B across 15 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $226.98 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Debt – Venture — $227.0M
-
First Round
First Round
(07 Nov 2011)
- Investors Count 77
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Debt – Venture - Wise | Valuation |
investors |
|
| Oct, 2020 | Amount | Series F - Wise | Valuation | Headline | |
| Jul, 2020 | Amount | Series F - Wise | Valuation | Lone Pine Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wise
Wise has secured backing from 77 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Virgin and SVB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Seed-to-late-stage US tech investments are managed by Grishin Robotics.
|
Founded Year | Domain | Location | |
|
Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors.
|
Founded Year | Domain | Location | |
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Wise
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Wise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wise Comparisons
Competitors of Wise
Wise operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CurrencyFair, Remessa Online, TransferGo, Western Union and SentBe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
|
|
| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
|
|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
|
|
| domain | founded_year | HQ Location |
Provider of remittance services
|
|
| domain | founded_year | HQ Location |
Cross-border remittance solution
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Wise
Frequently Asked Questions about Wise
When was Wise founded?
Wise was founded in 2011.
Where is Wise located?
Wise is headquartered in London, United Kingdom.
Who is the current CEO of Wise?
Kristo Kaarmann is the current CEO of Wise. They have also founded this company.
Is Wise a funded company?
Wise is a funded company, having raised a total of $1.03B across 15 funding rounds to date. The company's 1st funding round was a Series F of $319M, raised on Nov 07, 2011.
What is the annual revenue of Wise?
Annual revenue of Wise is $2.27B as on Mar 31, 2024.
What does Wise do?
Wise is engaged in offering international money transfer solutions with low fees and fast processing times. Services are extended to personal and business users, covering multi-currency accounts and integration platforms for financial institutions. Operations are supported across various sectors including education, travel, and marketplaces. Security and regulatory compliance are maintained globally with a dedicated team in India.
Who are the top competitors of Wise?
Wise's top competitors include TransferGo, Remessa Online and 2C2P.
What products or services does Wise offer?
Wise offers International Money Transfers, Wise Account, and Wise Platform.
Is Wise publicly traded?
Yes, Wise is publicly traded on LSE under the ticker symbol WISE.
Who are Wise's investors?
Wise has 77 investors. Key investors include Fidelity Investments, Virgin, SVB, NatWest, and Mitsui & Co..
What is Wise's ticker symbol?
The ticker symbol of Wise is WISE on LSE.
What is Wise's valuation?
The valuation of Wise is $1.1B as of May 2016.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.