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Screenshot: Should the UK tech sector really be cashing in its chips? : CityAM

Screenshot: Should the UK tech sector really be cashing in its chips? : CityAM
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

Fintech Giant Wise Is Set Go Public in a Rare Spotify-Style Listing — and It Will Be a Big Test for London

What is Wise? Wise, formerly known as TransferWise, was founded in 2010 by Estonian friends Taavet Hinrikus and Kristo Käärmann. Frustrated with the high fees they faced sending money between the U.K. and Estonia, they worked out a new way to make cross-border transfers at the real exchange rate. The service proved popular with Brits and has been expanding fast overseas. Wise claims to have over 10 million customers who use its service to send £5 billion ($7 billion) across borders each month. Wise competes with wire transfer incumbents like Western Union and MoneyGram, as well as fintech upstarts such as Revolut and WorldRemit.

Wise Debuts in Rare London Direct Listing, Valuing Fintech Giant at $11 Billion

Wise Debuts in Rare London Direct Listing, Valuing Fintech Giant at $11 Billion
nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.

Wise starts trading at £8 a share in London direct listing, valuing fintech giant at £8 billion

Wise starts trading at £8 a share in London direct listing, valuing fintech giant at £8 billion
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