Wise

Wise

Facilitates low-cost international money transfers

About Wise

Simplify's Rating
Why Wise is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

2011

Overview

Wise focuses on international money transfers, providing a low-cost alternative to traditional banks. It uses a peer-to-peer system to match transfers, which reduces fees and offers better exchange rates. Users can manage multiple currencies through a multi-currency account, and businesses can integrate Wise's services via an API. The goal of Wise is to simplify the process of sending money abroad while ensuring transparency and reliability.

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Simplify's Take

What believers are saying

  • Wise is expanding its API capabilities to include more financial services.
  • The company is focusing on sustainability and green finance, aligning with its business model.
  • Growing demand for digital wallets could enhance Wise's multi-currency account features.

What critics are saying

  • Increased competition from fintech startups could erode Wise's market share.
  • The closure of the Tampa office may lead to operational disruptions and affect morale.
  • Settlement with CFPB over misleading advertisements could damage Wise's reputation.

What makes Wise unique

  • Wise offers a peer-to-peer system reducing costs for international transfers.
  • The company provides a multi-currency account for managing money in multiple currencies.
  • Wise's API allows businesses to integrate its services into their platforms.

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Funding

Total Funding

$1700.3M

Above

Industry Average

Funded Over

9 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

PTO & annual leave

Work from home flexibility

Parental leave

Medical insurance plans

Health & wellbeing discounts

Pension & retirement plans

Social events

Relocation support

Growth & Insights and Company News

Headcount

6 month growth

↓ -3%

1 year growth

↓ -2%

2 year growth

↓ -2%
FStech
Mar 28th, 2025
Zempler partners with Wise to roll out international payment service

Zempler partners with Wise to roll out international payment service.

FF News
Mar 6th, 2025
Wise Expands in London and Tallinn With New Office Moves Into Spaces Built for Growth

Wise expands in London and Tallinn with new office moves into spaces built for growth.

FF News
Mar 6th, 2025
Wise Expands In London And Tallinn With New Office Moves Into Spaces Built For Growth

Wise, the global technology company building the best way to move and manage the world’s money, today announced it is entering a new chapter with the relocation of two offices in key cities: London, the global headquarters with over 1,000 employees, and Tallinn, its largest office for 2,200 employees. Wise has also acquired more office space in Austin.In London, after more than eight years at the Tea Building on Shoreditch High Street, Wise is moving into new global headquarters at Worship Square – a new nine-story building on Clifton Street in Shoreditch that offers flexible office spaces and in-house wellbeing amenities. Wise will occupy five of the eight floors at Worship Square for its over 1,000 local employees, with its office footprint increasing by 40%.This week, Wise is also opening its new office in Tallinn, Estonia. Wise is moving from the Norra building in the Baltika Quarter of the city to the recently redeveloped innovation district, Krulli Quarter, to accommodate over 2,200 employees. As Wise continues to grow globally, it is also expanding its regional hubs in Austin and Singapore. Additionally, Wise’s Budapest office, which is home to more than 800 employees, is currently undergoing a redesign.Creative environments where teams can grow, thrive and collaborateMaking investments in its workplace is closely aligned with Wise’s mission of building the best way to move and manage the world’s money

UK Tech News
Mar 6th, 2025
Wise upgrades London office space as expansion continues

London fintech Wise has opened a new office in London as the fintech marks the next chapter in its global expansion.

Amani Africa
Mar 1st, 2025
Provisional Programme of Work of the Peace and Security Council for March 2025

It is worth noting that the 6th members of the Panel of the Wise were elected during the 38th AU summit in February 2025.

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