Wise reports 59% Y/Y revenue growth for Q2 FY23
Revenue for Q2 FY23 was £211.5 million at Wise plc, growing 59% year on year and 14% quarter on quarter.
Revenue for Q2 FY23 was £211.5 million at Wise plc, growing 59% year on year and 14% quarter on quarter.
Wise plc says the number of active personal customers grew by 37% year-on-year to 4.7 million in the first quarter of fiscal year 2023.
Hooi Ling Tan will step down from the Audit and Risk Committee, and continue in her roles as Independent Non-Executive Director on the Board.
Matthew Briers, Chief Financial Officer (CFO) for Wise plc (“Wise”), was recently involved in a bicycle accident.
Taavet Hinrikus will step down as Chair and Director of Wise, while David Wells will become Independent Non-Executive Chair.
OÜ Notorious, the private investment company of Taavet Hinrikus, plans to sell up to 11 million class A ordinary shares in Wise.
Wise plc (LON:WISE) has taken steps to establish a level 1 American Depositary Receipt (ADR) program in the US.
Business customers of Wise grew by 56% compared to the prior year, whereas the number of personal customers grew by 28%.
Wise shares are admitted to trading on the London Stock Exchange’s Main Market for listed securities under the ticker “WISE”.