Wise

About

Wise is a money transfer service allowing private individuals and businesses to send money abroad without hidden charges.

London,England,United Kingdom
1001 - 5000
https://wise.com

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: £300M
Industries: Finance,Financial Services,FinTech,Payments
Founded date: Jan 1, 2011
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: lse:WISE
Legal Name: Wise Ltd.
Also Known As: TransferWise,TransferWise Ltd,Wise

Wise provides a core money transfer product, along with a borderless account for its audience of ex-pats, freelancers, and travelers, which holds over £2 billion in current deposits.

The company features like automated identification verification, online and in-app technical assistance, and estimations of when money transfers will arrive, products and services that meet the needs of clients.

Wise was established in 2011 by Kristo Kaarmann and Taavet Hinrikus in London, England.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

14

£525M $1B €50K

Wise has raised a total of £525M $1B €50K in funding over 2 rounds. Their latest funding was raised on Oct 27, 2022 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 27, 2022	Post-IPO Debt	£300M	1	Silicon Valley Bank UK	—	Detail
Jul 7, 2021	IPO	—	—	—	—	Detail
May 20, 2021	Debt Financing	£160M	1	Silicon Valley Bank UK	—	Detail
Jul 29, 2020	Secondary Market	$319M	7	D1 Capital Partners Lone Pine Capital	—	Detail
May 21, 2019	Secondary Market	$292M	8	Lead Edge Capital Lone Pine Capital Vitruvian Partners	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

0

Wise has made 2 investments. Their most recent investment was on Aug 2, 2021, when 99math raised $1M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Aug 2, 2021 99math	Series A	$1M		—
Jan 21, 2019 Farewill	Series Unknown	£7.50M	Advice	—

Investors

Number of Lead Investors

Number of Investors

20

38

Wise is funded by 38 investors. Silicon Valley Bank UK and D1 Capital Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
Silicon Valley Bank UK	Yes	Post-IPO Debt
D1 Capital Partners	Yes	Secondary Market
Lone Pine Capital	Yes	Secondary Market
Lead Edge Capital	Yes	Secondary Market
Vitruvian Partners	Yes	Secondary Market
JP Morgan	Yes	Debt Financing
LHV Ventures	Yes	Debt Financing
NatWest Bank	Yes	Debt Financing
IVP	Yes	Series E
Merian Global Investors	Yes	Series E