Wise Group plc
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About
Wise Group plc (WSE) is a financial technology company based in London, United Kingdom, that focuses on cross-border and domestic money movement for both individuals and businesses. Founded in 2010, it is best known for its international money transfer service, which aims to make sending funds between currencies and countries faster and more transparent than traditional banking channels.
The company serves customers across the United Kingdom, the rest of Europe, the Asia-Pacific region, North America, and other markets internationally. Its consumer offering centers on the Wise account, an international debit card, and tools to send, hold, and receive money in multiple currencies. Customers can also receive payments from abroad and convert balances between currencies through a single account.
For business customers, Wise provides a business debit card and mass payment services that help companies pay suppliers, contractors, and employees across borders. Through the Wise Platform, the company makes its payments infrastructure available to banks and other businesses, allowing them to embed international transfer and account features into their own products. This combination of direct consumer accounts, business tools, and platform partnerships forms the basis of how Wise generates revenue, typically through transfer fees and currency conversion charges. By concentrating on multi-currency accounts and transparent cross-border payments, Wise Group plc positions itself as an alternative to legacy bank transfer systems for people and organizations that regularly move money between different countries and currencies.