London-based financial technology company Wise announced Monday that international money transfer activity surged during the final quarter of its fiscal year, climbing 26% to reach 49.4 billion pounds (equivalent to $66.2 billion in U.S. currency).
The strong performance in cross-border payment volumes has bolstered the company’s confidence that its annual profit margins will land at the higher end of previously issued projections.
Wise revealed plans to finalize its dual stock exchange listing during the current quarter, with trading scheduled to commence on the Nasdaq exchange beginning May 11th. In conjunction with this expansion into American markets, the company announced it will transition to reporting its fiscal 2026 financial results in U.S. dollars using American accounting standards.
The financial technology firm specializes in international money transfers and currency exchange services for both individual consumers and businesses worldwide.
