The fintech reports strong H1 FY25 results with 19% revenue growth and a 57% increase in underlying profit.
It also reduced transfer costs for customers and achieved a 63% instant payment completion rate.
Cross-border
payment provider Wise (LSE: WISE) reported a 57% increase in underlying profit
for the first half of fiscal year 2025, as the company's expansion of its
global payment infrastructure and growing customer base continued to drive
strong financial performance.
Wise Posts 57% Profit Jump
as Global Payment Network Expands
The
London-based fintech company saw its underlying profit before tax rise to
£147.1 million in the six months ended September 30, while revenue grew 19% to
£591.9 million. The company's active customer base expanded by 25% to 11.4
million users, with customer balances reaching £14.7 billion.
“We
are pleased with the progress over the first six months of the year,” said
Kristo Käärmann, Co-Founder and CEO of Wise. “Our customers value the
speed, convenience and price we offer, with over 70% of new customers joining
Wise through recommendations by existing customers.”
The
company's infrastructure investments have yielded significant operational
improvements, with 63% of transfers now completed instantly and 94% within 24
hours. Wise has secured regulatory approvals to integrate directly with
domestic payment systems in Brazil, Japan, and the Philippines. It will bring its
total direct connections to eight once fully implemented.
These
efficiency gains have allowed Wise to reduce its cross-border take rate to 62
basis points, down 5 basis points from the previous year. They reflect the
company's strategy of passing cost savings to customers. The approach appears
to be working, with over 70% of new customers joining through word-of-mouth
recommendations.
Just yesterday
(Monday), Finance Magnates informed that Wise partnered with Standard
Chartered to enhance the bank's retail remittance offerings. This collaboration
aims to provide Standard Chartered's customers with more efficient and
cost-effective international money transfer options.
FY25 Outlook
Emmanuel
Thomassin, Wise's newly appointed CFO, highlighted the company's strong
fundamentals while noting that margins are expected to normalize in the second
half.
“We
continue to target a medium-term underlying profit margin of between 13–16%, a
range that we expect to move closer to achieving in the second half of
FY25,” he said.
The
company's growth plans include expanding its addressable market beyond its
current small share of the estimated £27 trillion cross-border payments market.
Käärmann envisions a future where a $10,000 international transfer could cost
as little as $10, compared to current bank charges of $200–$400.
Wise's
partnership network continues to grow, with recent additions including Nubank
in Brazil, Qonto in France, and an agreement with Standard Chartered to power
the bank's cross-border payment service across Asia and the Middle East.
The company
maintained its guidance for 15–20% underlying income growth for both FY25 and
over the medium term, signaling confidence in its growth trajectory despite
planned price reductions aimed at driving long-term market share gains.
Cross-border
payment provider Wise (LSE: WISE) reported a 57% increase in underlying profit
for the first half of fiscal year 2025, as the company's expansion of its
global payment infrastructure and growing customer base continued to drive
strong financial performance.
Wise Posts 57% Profit Jump
as Global Payment Network Expands
The
London-based fintech company saw its underlying profit before tax rise to
£147.1 million in the six months ended September 30, while revenue grew 19% to
£591.9 million. The company's active customer base expanded by 25% to 11.4
million users, with customer balances reaching £14.7 billion.
“We
are pleased with the progress over the first six months of the year,” said
Kristo Käärmann, Co-Founder and CEO of Wise. “Our customers value the
speed, convenience and price we offer, with over 70% of new customers joining
Wise through recommendations by existing customers.”
The
company's infrastructure investments have yielded significant operational
improvements, with 63% of transfers now completed instantly and 94% within 24
hours. Wise has secured regulatory approvals to integrate directly with
domestic payment systems in Brazil, Japan, and the Philippines. It will bring its
total direct connections to eight once fully implemented.
These
efficiency gains have allowed Wise to reduce its cross-border take rate to 62
basis points, down 5 basis points from the previous year. They reflect the
company's strategy of passing cost savings to customers. The approach appears
to be working, with over 70% of new customers joining through word-of-mouth
recommendations.
Just yesterday
(Monday), Finance Magnates informed that Wise partnered with Standard
Chartered to enhance the bank's retail remittance offerings. This collaboration
aims to provide Standard Chartered's customers with more efficient and
cost-effective international money transfer options.
FY25 Outlook
Emmanuel
Thomassin, Wise's newly appointed CFO, highlighted the company's strong
fundamentals while noting that margins are expected to normalize in the second
half.
“We
continue to target a medium-term underlying profit margin of between 13–16%, a
range that we expect to move closer to achieving in the second half of
FY25,” he said.
The
company's growth plans include expanding its addressable market beyond its
current small share of the estimated £27 trillion cross-border payments market.
Käärmann envisions a future where a $10,000 international transfer could cost
as little as $10, compared to current bank charges of $200–$400.
Wise's
partnership network continues to grow, with recent additions including Nubank
in Brazil, Qonto in France, and an agreement with Standard Chartered to power
the bank's cross-border payment service across Asia and the Middle East.
The company
maintained its guidance for 15–20% underlying income growth for both FY25 and
over the medium term, signaling confidence in its growth trajectory despite
planned price reductions aimed at driving long-term market share gains.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Starling Bank Launches Call Indicators amid Concerns of Impersonation
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24