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2 clusters · 4 sources · 16 days · First seen · Last updated

Wise financial growth and global expansion

Overview

Wise reported significant growth in its Q2 FY27 results, noting that cross-border volume increased by 22% year-on-year to $71.7 billion and active customers rose by 20% to 12.5 million. The company stated that 78% of transfers were completed instantly.

Expansion efforts include the launch of the Wise Account and Wise Card in Thailand, as well as the integration of a ninth direct banking system in Malaysia. The Wise Platform infrastructure has also attracted new enterprise clients, such as OakNorth and Germany’s Vivid Money.

Entities

ASX · WiseTech Global Ltd · Wise Plc · Monzo · Richard White

Timeline

  1. [BUSINESS] 2 sources
    Wise reports strong Q2 growth and expands global infrastructure

    Wise reported a 22% year-on-year increase in cross-border volume to $71.7 billion in Q2 FY27, driven by customer growth and expanded platform integrations in Malaysia and Thailand.

  2. [BUSINESS] 2 sources
    WiseTech Global logistics software shows growth potential

    WiseTech Global, the developer of the CargoWise logistics platform, shows strong profit margins and projected earnings growth despite recent share price volatility.

Sources

fool.co.uk · fool.com.au · raskmedia.com.au · remoteworker.co.uk