Overview
- Wise said it plans to make Nasdaq its main exchange on May 11 and to keep its London listing as secondary.
- The company filed a registration with the U.S. Securities and Exchange Commission, which it said has not yet been declared effective.
- Wise will present full-year results in U.S. dollars under US GAAP and will drop its “underlying” profit metric in favor of reported income before tax.
- Cross-border payment volumes rose 26% in the latest quarter to £49.4 billion, active customers reached 11.3 million, and full-year transfers totaled £181.7 billion.
- Customer balances grew 37% to £29.4 billion, which helped lift card and other revenue by 29% as Wise continued to benefit from interest earned on safeguarded funds.