Wise’s Expansion Blueprint: How Its Platform, Automation, & Pricing Edge Could Change Everything!

Wise plc, the company covered in this call, delivered a financial year marked with both growth and strategic moves, contributing to its mission of transparent, low-cost international money transfers. The company continues to gain momentum, driven by its unique infrastructure and a strong market presence, even as it aims to lower costs and improve service speed. During the fiscal year, Wise experienced a 21% increase in active customers, indicating a healthy customer acquisition rate primarily through word of mouth, which accounted for over 70% of new clients. The company also reported a 23% growth in cross-border transaction volumes, reaching GBP 145 billion, with Wise Platform now representing 4% of this volume. Additionally, customer holdings on the Wise platform grew by 33% to GBP 21.6 billion, highlighting the increasing use of Wise’s multi-currency accounts.