Wise reports rise in cross-border payments ahead of Nasdaq listing

Wise has reported beardown maturation successful cross-border transaction volumes arsenic it prepares to displacement to a superior US banal marketplace listing.

In a trading update, the London-founded fintech said quarterly cross-border measurement roseate 26% twelvemonth connected twelvemonth to £49.4bn ($66.8bn) successful Q4 FY26. It reported 11.3 cardinal progressive customers successful the quarter, up 22% from a twelvemonth earlier.

The update comes arsenic Wise moves to transportation its superior listing to the US portion maintaining a secondary listing connected the London Stock Exchange.

The institution said it remains connected way to implicit the dual listing “this quarter”, with an expected Nasdaq listing day of 11 May 2026. A registration connection has been filed with the US Securities and Exchange Commission, but has not yet been declared effective.

Growth was besides supported by accrued adoption of the Wise account. Customer holdings roseate 37% to £29.4bn, portion paper and different gross accrued 29% twelvemonth connected year.

Underlying income for the 4th climbed 24% to £435.3m, from £350.4m successful Q4 FY25.

Wise’s concern conception continued to expand, with progressive Wise Business customers up 26% twelvemonth connected twelvemonth to 572,000, portion concern volumes roseate 35%.

For the afloat fiscal year, Wise said progressive customers accrued 21% to 18.9 million, helping thrust a 25% emergence successful cross-border measurement to £181.7bn.

Wise main enforcement and co-founder Kristo Käärmann said: “We are making bully advancement connected gathering the web for the world’s money. Our infrastructure makes cross-border transactions cheaper and faster and, successful January, we became 1 of the archetypal outgo institutions to beryllium granted rank to Payments Canada, paving the mode to nonstop entree there.

“More and much radical are utilizing Wise astatine location oregon overseas for their mundane spending, for paying bills, for savings and investments. That’s wherefore past period we formally launched our UK existent relationship with a carnal subdivision conception connected Oxford Street successful London.”

Wise added that its FY26 results volition beryllium presented successful US dollars and nether US GAAP, alternatively than pounds and IFRS, reflecting the expected completion of the dual listing.

"Wise reports emergence successful cross-border payments up of Nasdaq listing" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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