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Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
wise.com

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Founded Year

2010

Stage

IPO | IPO

Total Raised

$680.33M

Date of IPO

6/18/2021

Revenue

$0000 

About Wise

Wise is a cross-border payments network that serves both personal and business customers. In addition to personal and business accounts, they also offer the Wise Platform, which other fintech companies like Monzo, GoCardless and Xero use to serve their own customers.

Wise Headquarter Location

6th Floor, TEA Building 56 Shoreditch High Street

London, England, E1 6JJ,

United Kingdom

+44 (0) 203 6950 999

Latest Wise News

Lightyear, a new stock trading app from early Wise employees secures £6.1M to launch in the UK

Sep 15, 2021

Lightyear, a new stock trading app from early Wise employees secures £6.1M to launch in the UK Martin Sokk and Mihkel Aamer, early Wise (previously TransferWise) employees, founded Lightyear in 2020 after realising they shared a strong common opinion — investing in Europe is broken. With Lightyear, the duo wanted to shake up the retail investment sector in Europe. Raised $8.5M In the latest development, Lightyear announces an additional $8.5M in funding led by Mosaic Ventures alongside existing investors Taavet+Sten, and Metaplanet. Angel investors like Monzo backer Eileen Burbidge, Harsh Sinha, the CTO at Wise, and Taavi Tamkivi, the CEO at Salv, also participated. The latest funding announcement comes three months after securing a $1.5M pre-seed round from a cohort of a fintech industry stalwart. This takes the total raised pre-launch to $10M. The round also welcomed Ott Kaukver, the CTO at checkout.com, Wander Rutgers, the former President of Robinhood UK, and Kaarel Kotkas, the founder of Veriff. On the other hand, the company also hired Wise’s marketing leader, Chris Sumbler, who led numerous teams there over his 6 years at the business. The funding will enable the company to accelerate its expansion plans and open up transparent and low-cost investing to everyone in Europe. Eliminates unnecessary barriers or fees Lightyear combines multi-currency accounts with unlimited access to global markets so customers can invest without hidden fees. With its platform, Lightyear seeks to eradicate the ambiguity and unjustifiable fees levied at retail investors. Lightyear is on a mission to flip this pricing model by giving customers the tools to add, hold and invest money in multiple currencies, removing the need for conversions. With unlimited access to more than 1,000 global stocks, Lightyear’s first iteration of the app (its minimum viable product or ‘MVP’) will start onboarding 5000 customers from the waitlist, starting today. Lightyear has offices in London, UK, and Tallinn, Estonia. Simon Levene, Mosaic co-founder, and partner say: “Compared to mature markets such as the US, retail investment across Europe is still at the beginning of its growth journey. The customer experience hasn’t been cracked, and the majority of current offerings serve just their local country. Lightyear’s mission is to offer access to global markets for pan-European investors, providing all the necessary data and education they need — with a simple, transparent business model that removes all the hidden and confusing fee structures. We’re delighted to support co-founders Martin Sokk and Mihkel Aamer, two veteran execs from TransferWise, at the start of their journey to empower retail investors – experienced and new alike – across the continent” Martin Sokk, Co-founder and CEO at Lightyear, adds: “10 months ago Lightyear was just an idea, so we’re excited to have raised a total of $10 million, hired a world-class team, and to be launching the first iteration of our app. There are more people in Europe investing now than ever before, but there’s still a very long way to go. Our goal is to give all of Europe access to the world’s markets without hidden fees and to make investing cognitively easy. We’re excited to have such a strong group of investors that share this vision with us.”  Eileen Burbidge, who personally invested as an angel investor in Lightyear, says: “When it comes to investing in an early-stage business, it’s crucial that the team is best in class, that I believe in the sector, and the product has global appeal. We’ve seen more and more people interested in retail investing over the past year and a half, which, combined with this highly motivated, extremely talented, and high integrity team, makes for something special. I’m excited by Lightyear’s commitment to transparency and building a platform that’s approachable and inclusive, where everyone has the best access, tools, and confidence to invest.”

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Expert Collections containing Wise

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wise is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

B

Banking

669 items

F

Fintech 250

248 items

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

P

Payments

1,486 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Wise Patents

Wise has filed 7 patents.

The 3 most popular patent topics include:

  • Artificial intelligence
  • Artificial neural networks
  • Health informatics
patents chart

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Related Topics

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10/22/2020

5/25/2021

Artificial neural networks, Cardiac arrhythmia, Heart diseases, Health informatics, Artificial intelligence

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Artificial neural networks, Cardiac arrhythmia, Heart diseases, Health informatics, Artificial intelligence

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Wise Web Traffic

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