Wise’s stock price surged c.20% to £641.40 on 28thJune, fueled by its FY23 results that included surprisingly high growth. Wise stock is up more than 100% since its all-time low one year ago
The customer base grew 34% YoY (66% of which joined through word-of-mouth), while volume grew at 37%; strong customer and volume growth across both consumer and business segments
Transaction speed improvement via instant payment capabilities launched to and from Brazil, Singapore to Malaysia; and via new partner integrations in countries like Japan and the U.S.
Impressive 51% YoY revenue growth powered by volume growth, margin expansion, and acceleration of interest income in a rising rate environment
Strong growth across global regions, but particularly strong in APAC and ROW
Growth propelled in part by Wise Platform (i.e., embedded partners) expansion, 60 new partners
Adjusted EBITDA increased by ~100% YoY, and the net income margin surged by 3x as Wise Account features drove the increase in profitability from the higher interest rate environment
Wise’s stock price surged c.20% to £641.40 on 28thJune, fueled by its FY23 results that included surprisingly high growth. Wise stock is up more than 100% since its all-time low one year ago
The customer base grew 34% YoY (66% of which joined through word-of-mouth), while volume grew at 37%; strong customer and volume growth across both consumer and business segments
Transaction speed improvement via instant payment capabilities launched to and from Brazil, Singapore to Malaysia; and via new partner integrations in countries like Japan and the U.S.
Impressive 51% YoY revenue growth powered by volume growth, margin expansion, and acceleration of interest income in a rising rate environment
Strong growth across global regions, but particularly strong in APAC and ROW
Growth propelled in part by Wise Platform (i.e., embedded partners) expansion, 60 new partners
Adjusted EBITDA increased by ~100% YoY, and the net income margin surged by 3x as Wise Account features drove the increase in profitability from the higher interest rate environment
