Wise has started trading on Nasdaq as the payments company looks to deepen its presence in the US market.
The company will maintain its secondary listing on the London Stock Exchange, where its shares trade on the Main Market.
For the financial year ended 31 March 2026, Wise reported cross-border volume of US$243 billion, up 31% year-on-year.
Customer holdings rose 40% to US$39 billion, including US$9 billion in Wise Assets holdings.
Transaction revenue increased 22% to US$1.9 billion.
This included US$1.3 billion in cross-border revenue and US$600 million from card and other revenue, which rose 34% year-on-year.
Card spend reached US$44 billion, up 37% year-on-year.
Net revenue rose 19% to US$2.5 billion, including US$800 million in interest income on customer balances and US$200 million in interest expense on customer liabilities.
Kristo Käärmann, Co-founder and CEO at Wise, said,
“In the last financial year, we helped nearly 19 million people and businesses, including banks like Morgan Stanley and Standard Chartered, move over $243 billion across borders instantly and at a fraction of the cost of traditional providers, saving our customers more than $3.3 billion in fees. Still, with $43 trillion moved across borders each year globally, we’re only getting started.
People and businesses around the world are estimated to be losing over $250 billion in hidden fees each year — including here in the US where that figure is expected to hit $43 billion in 2026. We believe our US listing will help us accelerate our mission, helping to bring more of Wise to everyone in the US, as customers and as owners.”
Wise already serves millions of American consumers and businesses through Wise Account, Wise Business and Wise Platform.
The company plans to expand its local presence and reach more US banks, online platforms and customers making cross-border transactions.
Wise is also introducing OwnWise, a programme offering customer loyalty benefits to eligible customers who hold Wise shares.
The company supports payments across more than 40 currencies. Wise said 75% of payments made through Wise arrive instantly, in less than 20 seconds, while 96% arrive within 24 hours.
Featured image: Edited by Fintech News Singapore, based on screen grab via Nasdaq
