How much is TransferWise worth?
Formerly known as Transferwise, the company’s shares are trading at 962p, which is slightly below the all-time high of 1,030p and 20% above its opening price. This values the company at more than 13.3 billion pounds ($17 billion).
What is the future of wise investment products?
In 2020, Wise secured a license from the FCA to offer investment products in the UK and their Registration Document tells us that in the future, Wise customers will be able to invest in “simple, affordable funds from reputable providers”. Co-founders Käärmann and Hinrikus respectively hold 19.8% and 11.5% of Wise shares outstanding.
How much revenue does wise generate from transfers?
Some simple division shows that Wise was able to convert 0.65% of transfers into revenues in the year ending March 2019 and to grow this to 0.72% in the year ending March 2020 and to 0.77% in the latest financial year.
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The Key Drivers in Wise plc's (LON:WISE) Current Valuation and Business Model
Wise plc (LON:WISE) started trading on the London Stock Exchange through a direct listing in London on 7 July 2021. The company has adopted a sustainable and profitable model, with an emphasis on cutting costs for customers that seek to transfer funds and hold an international low-cost account.
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