Wise PLC (LSE:WISE) reported a strong start to the fiscal year with a 24% year-over-year increase in quarterly cross-border volume, reaching £41.2 billion, and a 31% rise in customer holdings to £22.9 billion. The company remains focused on long-term growth, aiming to become the leading network for global money transfers. Recent strategic moves include launching Wise Business in the Philippines and forming partnerships with Raiffeisen Bank and UniCredit to enhance international transfer services in Europe. Additionally, Wise plans to dual list its shares in the US and UK, a move expected to accelerate its mission and align stakeholder interests.
Wise PLC’s strong financial performance, particularly in profitability and cash flow, significantly boosts its stock score. The positive earnings call further supports the score, with substantial growth in customer metrics and strategic initiatives. Despite mixed technical signals and valuation considerations, the company’s robust financial health and promising strategic direction position it favorably.
More about Wise PLC Class A
Wise is a global technology company focused on creating efficient ways to move and manage money worldwide. Through its Wise Account and Wise Business services, it enables individuals and businesses to hold multiple currencies, transfer funds internationally, and spend money abroad. Founded in 2011, Wise has become one of the fastest-growing, profitable tech companies, processing over £145 billion in cross-border transactions in fiscal year 2025.
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