Wise WSE

Wise Group plc provides cross-border financial infrastructure and services enabling individuals and businesses to send, spend, hold and receive money internationally with transparency, speed and low cost. The company operates a global payments network that bypasses traditional correspondent banking by connecting directly to domestic payment systems, powering its three core product offerings: Wise Account for personal customers, Wise Business for small and medium-sized businesses, and Wise Platform for banks, financial institutions and enterprises. As of March 31, 2026, this infrastructure processed $243.5 billion in cross-border transactions for 18.9 million active customers across more than 40 currencies, supported by over 80 regulatory licenses worldwide and a proprietary technology stack developed internally over 15 years.

Wise Group plc generates revenue primarily through transaction fees on cross-border payments, currency conversions and card usage, subscription-based services for business customers, and net interest income on customer balances held in Wise Accounts and Wise Assets. The company earns income from its Wise Account and Wise Business product offerings via transparent, upfront fees for international money transfers and multi-currency account maintenance, while Wise Platform generates revenue through integration fees and transaction volumes processed for institutional partners. Additional revenue streams include interchange fees from Wise Card spending, returns on assets under custody through the Wise Assets investment feature, and ancillary services such as batch payments and accounting platform integrations, with approximately 50% of net revenue derived from non-cross-border sources including card spending and interest income on customer balances.

The company operates through the following segments: Wise Account, Wise Business and Wise Platform.

• Wise Account: This segment serves individual customers with cross-border financial needs, allowing them to send, spend, hold and get paid in multiple currencies through a multi-currency account linked to the Wise Card and Wise Assets investment feature. Key features include access to local account details such as U. S. routing and account numbers and Euro IBANs, real-time currency conversion at mid-market exchange rates with transparent fees, and the ability to spend in over 160 countries and withdraw from three million ATMs globally. As of March 31, 2026, Wise Account served over 18.0 million active customers and held $9.0 billion in assets under custody through the Wise Assets offering, which enables eligible customers to earn returns on their holdings while maintaining instant access to funds.

• Wise Business: This segment provides small and medium-sized businesses with tools to operate internationally, including multi-currency accounts, employee expense cards and integrated accounting services. It offers local account details for receiving payments in multiple currencies, multi-user access with role-based permissions and real-time notifications, and access to the Wise Business Debit Card for separate expense tracking and spending limits. The segment integrates with over 15 accounting platforms including Xero, QuickBooks and FreeAgent, enabling automated syncing of expenses and multi-currency accounts, and provides professional invoice templates in 23 languages to automate payments via SWIFT, domestic account details or “Pay with Wise.” During the year ended March 31, 2026, Wise Business served approximately 850,000 active customers.

• Wise Platform: This segment enables banks, financial institutions and enterprises to integrate into Wise’s global payment infrastructure to offer fast, cost-effective and transparent international financial services to their own customers. It provides access to instant cross-border transfers, multi-currency accounts, card issuance and a global network of local payment systems across over 40 currencies, supported by a single treasury system with 24/7 global coverage and over 99% straight-through processing rates. Wise Platform partners such as Itaú, Mandiri, Nubank and Monzo leverage the infrastructure to enhance their service offerings, with the segment benefiting from network effects as increased volume drives economies of scale that improve pricing, speed and customer experience across the network.

Wise Group plc holds a strong position in the rapidly growing cross-border payments market, competing against traditional banks, newer financial platforms like PayPal, Revolut and Airwallex, legacy remittance providers such as Western Union and MoneyGram, and payment infrastructure companies including Visa and Mastercard. The company’s competitive advantages stem from its proprietary infrastructure built over 15 years, which combines global regulatory licenses, direct connections to domestic payment systems, internally developed technology and global operations to deliver market-leading speed, low fees and price transparency. Its Net Promoter Score of 69 as of March 31, 2026 reflects high customer satisfaction, with approximately 70% of new customers acquired through word-of-mouth recommendations, reinforcing organic growth driven by product-led adoption and trust in its transparent fee structure.

Wise Group plc serves a diverse global customer base of 18.9 million active individuals and businesses as of March 31, 2026, including personal users managing multi-currency finances, freelancers and entrepreneurs receiving international payments, and small and medium-sized enterprises operating across borders. The company’s customers span 79 countries for Wise Business and over 160 countries for Wise Card usage, with specific institutional partners on Wise Platform including major banks such as Itaú, Mandiri, Nubank and Monzo, which integrate Wise’s infrastructure to enhance their own international payment offerings for end users.