Wise

Wise, formerly known as TransferWise, is a British financial technology company based in London. Founded in January 2011 by Kristo Käärmann and Taavet Hinrikus, Wise specializes in low-cost and fast global money transfers, as well as multi-currency account management. The company operates as a Money Service Business and is registered with FinCEN in the US, serving over 15 million customers and facilitating £145 billion in transfers. Wise offers three main products: the Wise Account for personal multi-currency management, Wise Business for companies handling cross-border payments, and Wise Platform, which allows banks and businesses to integrate efficient money management solutions. The company emphasizes transparency with its pricing, avoiding hidden fees and providing real-time tracking for transfers. With a mission to minimize fees and maximize ease, Wise has established a global network of local banks and direct connections to cut out middlemen, ensuring quick and affordable transactions for individuals and businesses alike.