Wise says net revenue growth to be in upper half of guided range. Published on 10/16/2026 at 03:55 am EDT Alliance News (Alliance News) - Wise Group PLC on Friday said it expects revenue growth for its full financial year to be in the upper half of its target range and income before tax margin near the top, as it posted financial results for the second quarter. The London-based money-transfer services provider said it had 12.50 billion active customers as of September 30, the end of its financial second quarter, up 20% from a year previous. Second-quarter net revenue was USD739.1 million, up 21% from USD610.5 million a year before, while cross-border currency transfer volume was USD71.7 billion, rising 22% from USD59.0 billion. Chief Executive Officer Kristo Kaarmann said "We continued to expand our network, products and features so Wise can serve more people and businesses around the world. This quarter, we went live in Malaysia with our ninth direct integration, launched the Wise Account and Wise Card in Thailand, introduced Wise Assets in New Zealand and announced our Wise Platform partnership with OakNorth to power international payments for its UK business customers." Looking ahead, Wise said it expects financial 2027 net revenue to grow by 17.5% to 20% on a constant currency basis, implying about USD2.94 billion to USD3.00 billion in the year ending March 31, 2027, based on financial 2026 net revenue of USD2.50 billion. Wise continues to expect its full-year income before tax margin to be around the top of its 20% to 25% target range. For the first half, it expects a margin of about 23%, equivalent to approximately USD334 million on net revenue of USD1.45 billion. This includes one-off expenses equivalent to about two percentage points of revenue, including around USD15 million related to its dual listing in New York and London. "We are building the network for the world's money - making Wise easier, cheaper and faster to use as we scale," Kaarman added. Shares in Wise were down 1.9% to 885.68 on Friday morning in London. They had risen 1.0% to USD12.21 in after-hours trading in New York. By Niall Holden, Alliance News reporter (C) Alliance News - 2026

Ruvo grows in Brazil to compete with Wise and Revolut. With international payments via stablecoins and integration with Pix, the fintech founded by a former Uber executive wants to expand its customer base in the country. 15/10/2026 14:00 Follow Startups on Google See our top news in your searches. In the crowded global account market, Ruvo seeks to expand its presence in Brazil, where it faces competitors such as Wise, Nomad, Revolut, and Nubank Ultravioleta. To compete with these players, the fintech relies on a platform aimed specifically at Brazilians, fees starting at 0.3%, and human support via WhatsApp, with artificial intelligence (AI) support. In an interview with Startups, Alec Howard, founder and CEO of Ruvo, says the company was one of the first to present itself as a global account and that other players have changed how they position themselves in the market. Founded in 2025, the fintech allows users to receive, convert, and spend money between Brazil and abroad, with conversion into dollars. The solution serves individuals and companies that move funds in foreign currency, from students and freelancers to import, export, and travel businesses. In Alec's assessment, focusing on the Brazilian public is one of the fintech's differentiators compared with the competition. "We were really built for Brazilians, individuals and companies. We focus only on this market. The other options generally treat Brazil as an afterthought, in my perception." Ruvo's wallet integrates Pix and digital dollars, the so-called stablecoins (cryptocurrencies pegged to the value of the dollar). Customers can buy these assets with reais via Pix and spend them with the international Visa card issued by the platform. Product and business model. Ruvo started by serving software engineers, an audience Alec considers one of the best segments for developing a product. According to the executive, a well-built solution for these professionals can also work for other markets. "If we can make money with software engineers, we can make money across the whole market," he says. The inspiration came from Stripe, which developed its payments infrastructure to make it easier for engineers to use. Today, Ruvo serves individuals, who have access to a card, purchases of digital dollars, and income products, and companies that use the platform to receive funds from abroad, in dollars or cryptocurrencies, and pay employees and suppliers. Revenue comes from three main sources: the purchase of stablecoins, interchange - the fee charged on card purchases - and digital asset and income products. According to Alec, this combination allows the business to be sustained. Competitive differentiators. According to the company, monthly transaction volume has increased 4.1 times since February 2026, and its base already exceeds 3,000 customers, of whom more than 50% arrived through referrals. The projection is to surpass R$ 1 billion in annualized transaction volume by the end of 2026. Besides focusing on Brazilians, Alec points to customer service as another Ruvo differentiator. The company integrated WhatsApp into support and, according to the CEO, ensures customers have access to a person, with artificial intelligence (AI) support. "We saw many customers leave other services because they waited days or weeks to learn the status of their funds," he says. Maintaining high service quality is therefore a priority for the company, the executive says. Exemption from IOF (Tax on Financial Operations) on eligible transactions is also part of the fintech's offering. Alec explains that the business is structured around stablecoins and that, according to the regulatory interpretation adopted by the company, the purchase of these digital assets is exempt from the tax. "We just follow the regulations. And if there is a change around IOF with stablecoins, we were built to accommodate that," says Alec. According to him, most companies that offer stablecoins to customers also do not pay IOF on these transactions. Expansion plans. In the coming weeks, Ruvo will begin offering support for sending and receiving euros and pounds, in addition to transfers via SWIFT, a network used by banks for international payments. According to the company, this is one of the main requests from corporate clients. Alec says there are customers in other countries who need to access Brazilian payments, but emphasizes that the company's focus continues to be Brazil. "Opportunistically, we expand to other countries, but our mission is focused on Brazil," says the CEO. On the product side, the company recently launched Yield, which allows customers to earn returns on money held in the account. Ruvo is also evaluating offering credit and other investment vehicles. Alec says the fintech maintains partnerships with financial consultancies and accounting firms due to the synergies between these areas and the company's business. Origin and capital. Ruvo's history began in 2016, when Alec arrived in Brazil to work at Uber. Over the following six years, he worked on the company's payments team, a period in which the boleto payment method was integrated into the app. The idea to create the fintech arose after he saw Pix working for the first time, when buying a coconut water on the beach. The experience led him to talk with cofounder Mike Mason, now CTO, who sent dollars monthly to engineers hired in Brazil and considered the process expensive and slow. With the regulatory change that allowed the purchase of stablecoins and integration with Pix, the two saw an opportunity to develop the product, according to Alec. The company was created under the name Cacao and processed about US$165,000 in the first weeks. In the year of its founding, Ruvo was selected for Y Combinator's Batch Summer 2025. In January 2026, the fintech raised US$4.6 million in a seed round led by 1confirmation, with participation from Coinbase Ventures, Rebel Fund, and angel investors from Brazil and the United States. According to Alec, the funds were allocated to product development and hiring professionals. With the core team formed, the company keeps its focus on engineering, sales, and marketing. For 2027, the CEO says he has "ambitious" growth goals but does not reveal what the targets are. According to him, the priority is to continue expanding the business and the customer base. A new fundraising round will be evaluated strategically, according to the operation's needs. Follow Startups on Google See our top news in your searches.

Vivid taps Wise for international payment services. Vivid SME customers will be able to use Wise's network to complete transactions in over 40 currencies. October 15, 2026 German fintech Vivid has partnered with UK-based paytech Wise to bolster its international payment offering. Vivid SME customers will be able to make international payments in more than 40 currencies via Wise. In a joint statement, the companies state that following strong demand for payment channels to China, "CNY payouts are already available across 27 European countries, and the next currencies are to be rolled out soon." Other markets that have drawn considerable transaction interest include the UAE and Singapore, which have seen payments increase by approximately 250% and 40% respectively over the last six months compared to the preceding six months. Utilising Wise's network and infrastructure, Alexander Emeshev, co-founder of Vivid, says that the German fintech is able to offer "the same speed and transparency when moving money to Shenzhen as when moving it to Stockholm". Founded in 2019 and launched a year later, Vivid provides more than 100,000 business customers with a range of financial services, including accounts, expense management, and cash management solutions. The platform, which also serves freelancers, has raised more than €200 million, with an investor base including Greenoaks Capital and DST Global Partners. Vivid joins Wise's growing fintech and banking partner portfolio, which also consists of Monzo, UniCredit, Raiffeisen Bank International, and N26. Reporter, FinTech Futures Francis Bignell is a reporter at FinTech Futures with a keen interest in all things fintech, especially in the Latin America region. Writing in the industry for four years, he has moderated webinars and podcasts as well as interviewed executives from a wide range of sectors.