borderless - free currency exchange

Founded in 2011 as TransferWise by Kristo Käärmann and Taavet Hinrikus, the company's mission is to make international finance "money without borders"—instant, convenient, transparent, and eventually free. Initially focused on consumer money transfers, the company expanded its services to include a multi-currency "borderless" account, a debit card, and business-focused financial tools. In 2021, the company rebranded to Wise to reflect its broader offering beyond just transfers and went public via a direct listing on the London Stock Exchange. Wise is known for using the real mid-market exchange rate and charging a small, transparent upfront fee, disrupting traditional banking fees for international transactions.