4. Brief Wise (TransferWise) Review
Now you can join over 10 million people who are using Wise to do their exchange rate, send, and receive money right into their local banks.
This instant payment system is regulated by FCA making it very secure for your transactions. They are cheaper than most the United Kingdom banks.
Wise, formerly known as TransferWise, is a financial technology firm located in London, United Kingdom. This private company has just celebrated a decade in operation as of January 2021.
That means the company was founded in 2011 January by Kristo Karmann and Taavet Hinrikus who were Estonian businessmen.
As of the time of writing this article (2021), Wise had its headquarters in London, England, UK with Taavet Hinrikus being the Executive Chairman and Kristo Karmann as the CEO.
This instant payment system has been named by The UK Guardian as the “East London’s 20 Hottest Tech Startups”, by the Wired UK as the Start-Up of the Week, and by TechCrunch as the “Start-ups to watch” all in 2012.
For the IPO, they had appointed Morgan Stanley and the renowned Goldman Sachs as its joint coordinators. In 2021 February, the previously known TransferWise now became Wise. It rebranded everything including its website to suit its new brand. They remain committed to their promises and values.
Wise has been ranked in position 8 in the CNBC Disruptor 50 list in 2015 perhaps making its name a World Economic Forum Tech Pioneer.
The company becomes more widely known that in 2017, it was sending over 1 billion Euros per month. You can easily Join Wise Here.