Company profile: Wise
1.1 - Company Overview
Company description
- Provider of low-cost, fast international money transfers with transparent fees and mid-market exchange rates, and multi-currency accounts to hold, convert, and manage money globally. Offers Wise Business for managing international payments and expenses, and Wise Platform enabling banks and enterprises to integrate Wise's payment solutions into their systems, with automated ID verification, online/in-app support, and transfer arrival estimates.
Products and services
- Wise Account: Borderless multi‑currency account to hold, convert, and manage funds globally, supporting multiple currencies and currently holding over £2 billion in current deposits
- Wise Money Transfers: Online service enabling fast, low‑cost international remittances with transparent fees and mid‑market exchange rates, automated identification verification, estimated arrival times, and online/in‑app technical assistance
- Wise Platform: Global payments infrastructure for banks and enterprises to integrate Wise’s payment products into their systems, enabling international transfers with transparent fees and mid‑market exchange rates
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Wise
Small World Financial Services
HQ: United Kingdom
Website
- Description: Provider of digital money transfer and payment services enabling secure, fast, and inexpensive sending and receiving of money to 195 countries worldwide across the EU, North America, Africa, and Asia. Offers online and mobile services including bank deposits to over 90 countries, cash pickup at 350,000+ locations, mobile top-up, mobile wallet transfers, home delivery, and prepaid cash card reloads.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Paysend
HQ: United Kingdom
Website
- Description: Provider of a financial technology platform for international money transfers, enabling Visa and MasterCard card-to-card and transfers via bank accounts or mobile numbers to over 170 countries with transparent fixed fees and close to real-time processing, accessible through the Paysend app.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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FairFX
HQ: United Kingdom
Website
- Description: Provider of a cloud-based P2P payments platform for easy, low-cost multi-currency payments via one integrated system, offering a multi-currency prepaid Mastercard usable in over 190 countries, international payments and currency exchange including overseas property transactions, a business expense management solution, virtual cards for online payments and digital wallets, and linked cards for up to 10 users.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Payday
HQ: Canada
Website
- Description: Provider of global payment solutions, offering virtual mastercards and payments for foreign employees, with tools to manage payroll, taxes, and compliance for foreign companies with African employees.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Taptap Send
HQ: United Kingdom
Website
- Description: Provider of a smartphone app-based money transfer service for immigrants to send money home, enabling transfers from the UK, EU, US, Canada, and the UAE to Africa, Asia, the Caribbean, and Latin America, including direct mobile money wallet deposits, with instant, low-cost transfers.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Taptap Send company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Wise
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Buyer group 2: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Wise
2.2 - Growth funds investing in similar companies to Wise
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4 - Top valuation comps for Wise
4.2 - Public trading comparable groups for Wise
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