Founded in 2011 as TransferWise by Kristo Käärmann and Taavet Hinrikus, Wise was created out of frustration with the high fees charged by traditional banks for international money transfers. The company's mission is to make international finance fairer and more transparent by using the real mid-market exchange rate. Initially focused on peer-to-peer money transfers, Wise has expanded its services to include a multi-currency account, a debit card for global spending, and a comprehensive platform for business customers. The company went public on the London Stock Exchange in July 2021.

Founded in

United Kingdom