What are scuttlebits? “we fundamentally believe whoever has the best infrastructure in this space will win in the longer run” (Harsh Sinha, Wise CTO; Wise Analyst Day, 4/3/25) it’s inevitable that the lowest price operator will win the scale needed to become the infrastructure to operate the trillions of cross-border money (Kristo Kaarmann, Wise Co-Founder […]
Category Archives: [WISE] Wise plc
Related post: Wise and the business of cross-border transfers: part 1 I concluded part 1 describing how, by looping unit cost advantages back into price, Wise scaled to become a leading player in cross-border payments. From that starting point, it launched several other notable products. The most significant of these is Wise Account, which allows […]
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Every year, consumers the world over move ~£2tn across borders, with roughly 2/3s of that funneled through a labyrinthine network of banks. A typical cross-border bank transaction might look something like this: Amber, a US resident with a checking account at PNC, places an order to send Rupees to her mother’s account at Seylan Bank […]