Wise
wise.comThe international account for home and abroad, money without borders.
Finance & Fintechinternational-transfersmulti-currencymoney-transferfintechdebit-cardforeign-exchangebanking
About
Wise is an international money transfer and multi-currency account service that lets users send, receive, hold, and spend money in 40+ currencies across 160+ countries. It offers low-cost international transfers using the real exchange rate, a debit card for worldwide spending, and optional interest-earning through Wise Assets. It also provides business accounts and banking infrastructure used by banks and enterprises globally.
Problem
Traditional banks charge high hidden fees and inflated exchange rates for international money transfers and foreign currency spending.
For
Individuals and businesses who send, receive, or manage money internationally
How it works
Wise uses the real mid-market exchange rate and charges a small transparent fee to move money internationally, holding funds in segregated accounts and offering multi-currency IBANs and debit cards.
Business model
freemium
Status
launched
Company
Wise Payments Ltd