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Wise

wise.eco.br

Founded Year

2007

Stage

Corporate Majority | Acquired

Valuation

$0000 

About Wise

Wise is active in the mechanical recycling sector and is a developer of solutions for plastic recycling. The company was founded in 2007 and is based in Itatiba, Brazil. On August 3rd, 2022, Braskem acquired a majority stake in Wise.91M.

Headquarters Location

Avenida Osvaldo Berto, 405 Alfredo Rela Industrial District

Itatiba,

Brazil

+5511 3183-5230

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Latest Wise News

Wise's H1 FY23 Income Jumps 63%

Nov 29, 2022

Tuesday, 29/11/2022 | 09:14 GMT The number of active customers jumped significantly. Wise Wise plc (formerly Transferwise) reported a 63 percent increase in the total income for six months, between April and September, as the figure touched £416 million. It ended the period with a pre-tax profit of £51.3 million, which increased by 173 percent. The company's revenue for the six months increased by 55 percent to £397 million. Further, The adjusted EBITDA increased by 52 percent to £92 million with a margin of 22 percent. Keep Reading Bullish Forecast For the entire fiscal, Wise is expecting its total income to increase between 55 percent and 60 percent. It also aims to grow the total income by more than 20 percent CAGR "over the medium-term," with the adjusted margin at or above 20 percent. From our Directory Earlier this year, the company paid $360,000 in penalty to the Abu Dhabi Global Market (ADGM) 's Financial Services Regulatory Authority (FSRA) for lapses in anti-money laundering (AML) controls. Meanwhile, it also gained an Estonian license for expanding European operations. "But we are still solving only a fraction of the problem, and the fight for transparency must go on," Käärmann added. "In the past months, we also joined the European Commission in calling on all providers to commit to full disclosure on all fees, including exchange rate markups, on all transfers to Ukraine - a significant step forward in the right direction for transparency in the industry." Wise plc (formerly Transferwise) reported a 63 percent increase in the total income for six months, between April and September, as the figure touched £416 million. It ended the period with a pre-tax profit of £51.3 million, which increased by 173 percent. The company's revenue for the six months increased by 55 percent to £397 million. Further, The adjusted EBITDA increased by 52 percent to £92 million with a margin of 22 percent.

Wise Frequently Asked Questions (FAQ)

  • When was Wise founded?

    Wise was founded in 2007.

  • Where is Wise's headquarters?

    Wise's headquarters is located at Avenida Osvaldo Berto, 405, Itatiba.

  • What is Wise's latest funding round?

    Wise's latest funding round is Corporate Majority.

  • Who are the investors of Wise?

    Investors of Wise include Braskem.

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