Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold over 50 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.
Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable technology companies and is listed on the London Stock Exchange under the ticker, WISE.
16 million people and businesses use Wise globally, which processes £9 billion in cross-border transactions every month, saving customers around £1.5 billion a year.
10 million people and businesses gained access to fast, cheap international payments powered by Wise in 2022
26 January 2023 – Wise, the global technology company building the best way to move money around the world, launched 15 new partnerships in 2022 and enters 2023 with a total of 60 partners globally.
These partnerships are made possible through Wise Platform, which allows banks and businesses to embed the power of Wise into their existing platform. Almost 10 million new customers gained access to Wise, via Wise Platform, in 2022 alone.
What’s more, Wise Platform launched in four new markets last year: in Israel with credit card company Max, in Turkey through Wise’s partnership with Birlesik Odeme and Fibabanka, in the UAE with neobank Wio, and in Hong Kong with virtual bank ZA Bank.
Wise Platform also deepened their footprint in Asia and North America, expanding in two areas in particular: investments and business services. In Singapore, Wise Platform partnered with Tiger Brokers and GoTrade to help make global investing easier for everyone, while in the US, new partners AvidXchange, Ramp, Brex, and Firstbase are providing businesses with key tools to help them operate internationally.
In the UK, Wise launched with Wagestream, a financial wellbeing app for front line workers, and Onfolk, an HR and payroll company, strengthening their impact on how people around the world are paid by their employers.
In addition to new partners, 2022 also saw Wise Platform grow existing partnerships. This included introducing new business services with Monzo and Yapeal, a freelancer service with Multiplier, and a quicker, expanded service with Deel.
Finally, Wise Platform launched International Receive, which makes it easier for banks to efficiently and reliably receive international payments through the Swift network. International Receive gives neobanks an easy route to enabling customers to receive money from abroad, and allows established banks to benefit from Wise Platform’s speed and affordability. The integration can be done in just a matter of weeks.
