Transfer Wise

Wise, originally known as TransferWise, is a financial technology company founded in 2011 by Taavet Hinrikus and Kristo Käärmann. The company is renowned for its international money transfer services, offering customers a low-cost alternative to traditional banks by using real exchange rates and minimal fees. Since its inception, Wise has expanded its services to include multi-currency accounts, enabling users to hold and manage money in different currencies. The company gained significant attention for disrupting the traditional banking model with its transparent fee structure and innovative peer-to-peer transfer system. Wise went public on the London Stock Exchange in 2021, further cementing its position as a leader in the fintech industry. Its impact is evident in the way it has influenced the global remittance market, encouraging more transparency and cost-effectiveness in international financial services.