Wise, a London-based online money transfer service formerly known as TransferWise, has made two recent appointments to its board of directors, one of it being Tan Hooi Ling who is the Co-founder of South East Asian superapp Grab.
The other new addition to Wise‘s board is Clare Gilmartin who was formerly the CEO of Trainline, a British digital rail and coach ticketing platform.
Wise was launched in 2011 as a money transfer service for people and has now expanded to build a cross-border payments network with a userbase of 10 million personal and business customers.
Hooi Ling’s appointment coincides with Wise’s recent announcement that it plans to expand its Singapore office.
Hooi Ling had been a part of Grab’s success story by expanding the app from a ride-hailing service that started in Malaysia into a super app offering their customers services from food, grocery and parcel delivery to digital payment, insurance and other financial services across eight countries in Southeast Asia.
Wise added that Hooi Ling’s experience will help bring Wise to more and more diverse markets, especially in Asia Pacific. Wise is now live in seven markets in the region and hopes to expand this footprint meaningfully in the coming decade.
Tan Hooi-Ling
“With its mission to make money borderless, Wise is striving to build a new global standard for the financial industry, and leveling the playing field for more people and businesses around the world.
This is an ambition I share and one that’s particularly close to my heart as someone who lives and works in Southeast Asia where many are financially underserved. I’m excited to join the Wise Board and join them on their journey.”
said Tan Hooi Ling.
