Wise revenues Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes

Wise reports 29% Y/Y increase in revenue in Q1 FY24

Wise plc today provided a trading update for the first quarter of fiscal year 2024, with revenues up 29% to £240 million.

Wise is upgrading its FY23 total income guidance and now expects this to grow 68-72%, compared with 55-60% previously.

Wise saw revenue grow by 34% YoY and 13% QoQ to £149.8 million, broadly in line with the rate of growth in volume.