FCA-regulated FinTech pioneer for cross-border payments

Key Data

  • Trading Name: Wise
  • Legal Entity: Wise Payments Limited
  • Activities: Online money transfer service
  • Location: London, UK
  • Regulations: authorized by the Financial Conduct Authority (FCA)
  • Key People: Kristo Käärmann (Linkedin) and Taavet Hinrikus (Linkedin)

Wise (previously TransferWise) is a pioneering FinTech and unicorn. TransferWise Limited is authorized by the Financial Conduct Authority (FCA) with Reference No 900507, for the issuing of electronic money. The London-based online money transfer service was established in 2011 by Estonians Kristo Käärmann (Linkedin) and Taavet Hinrikus (Linkedin).

On 7 July 2021, Wise went public with a direct listing on the London Stock Exchange, and was valued at $11 billion.


TransferWise does not currently accept transfers from or to cryptocurrency-related companies. Likewise, customers from certain high-risk industries are rejected. Nevertheless, TransferWise is also used by high-risk merchants.

TransferWise is available in 12 languages and supports more than 750 currency routes worldwide, including GBP, USD, EUR, AUD, and CAD, and provides multi-currency accounts. In 2018, TransferWise‘s net profit reached $8 million with more than 4 million customer base.

The company posted year-end profits in March 2020 that more than doubled to £21.3M. Revenue exploded 70 percent to £302.6M, with monthly cross-border transaction volume averaging £4.5B with more than 9 million customers. It has also issued a total of more than one million debit cards. It is planning to increase its 2,200 staffers by more than a third, adding 750 jobs over the next six months.


We have discovered TransferWise as a payment processor in some scams but they were quickly removed after reports. The AML/KYC process seems to be efficient. Therefore, we include the payment processor in the “Green Compliance List.”

2 reviews

  1. I very delighted to find this internet site on bing, just what I was searching for as well saved to fav

  2. Thank you a lot for sharing this with all of us you actually realize what you’re speaking approximately! Bookmarked. Please additionally consult with my site =). We will have a link trade agreement among us!

Rate and write a review

Your email address will not be published. Required fields are marked *


United Kingdom

Legal Entities

Wise Payments Limited

Is this your business?Claim it now.

Make sure your information are up to date.