Wise revenue grows 43per cent in first quarter of fiscal year

Wise revenue grows 43per cent in first quarter of fiscal year

Money transfer company Wise Plc on Tuesday said revenue reached 123.5 million pounds (US$168.66 million) in the first quarter of its financial year, up 43per cent from a year earlier.

Photo illustration of a Wise logo
A smartphone with the Wise logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration

LONDON: Money transfer company Wise Plc on Tuesday said revenue reached 123.5 million pounds (US$168.66 million) in the first quarter of its financial year, up 43per cent from a year earlier.

The London-based firm processed 16.4 billion pounds in cross border payments, up 54per cent year on year, it said in its first trading update as a public company.

(US$1 = 0.7322 pounds)

(Reporting by Anna Irrera; Editing by Rachel Armstrong)

Source: Reuters

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