Wise is a fintech company founded in 2011 that specializes in international money transfers and cross-border payments. The platform uses the real mid-market exchange rate with transparent pricing, eliminating hidden fees that characterize traditional banking channels. Wise processes over £14 billion in transactions each month across 160+ countries, serving millions of individuals and businesses.
Beyond money transfer, Wise operates a multi-currency account that allows customers to hold balances in over 50 currencies and manage money across borders seamlessly. The company also offers a debit card linked to these accounts, enabling cardholders to spend worldwide without the markup charges typical of legacy financial institutions.
The platform supports sending money in 40+ currencies and operates globally, making it a significant infrastructure player in the international payments ecosystem. Wise competes directly with traditional banks and established money transfer services by offering faster, cheaper alternatives grounded in transparent pricing rather than the opaque fee structures of conventional banking.