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 i tänane börsidebüüt on Londoni turule suur tuleproov
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Wise Debuts in Rare London Direct Listing, Valuing Fintech Giant at $11 Billion
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Wise starts trading at £8 a share in London direct listing, valuing fintech giant at £8 billion
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