Kristo Kaarmann, Wise co-founder and CEO, talks live with Bloomberg's Cory Johnson on how banking is being revolutionised.
Kristo explains how Wise has been able to disrupt the international money transfer market:
"The banks are behind on the technology curve, startups are figuring out how to do this much better. There’s a lot of legacy in banking that goes back to the business models.
That’s how we came to Wise, realising that there’s a lot of hidden costs when you move money around. Whenever you move money from one country to another, about 5% goes missing!
People have moved about $4.5 billion dollars across the Wise platform, and saved about $200 million in bank fees. We’re putting money from banks fees back into people's pockets."
Watch the full interview here.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
At Wise, our vision is money without borders. In order to build the future of global money, we need a team that’s as diverse as the customers we serve. In...
At Wise, our vision is money without borders. In order to build the future of global money, we need a team that’s as diverse as the customers we serve. In...
This guide is for any YouTubers on the Wise Affiliate program who want to create a Wise video. Here, find out how to create your YouTube video, what to...
When we started Wise 12 years ago, we knew the problem we were tackling was a big one. Solving for hidden fees and rebuilding broken international financial...
In March this year we completed our visual rebrand, unveiling a new look inspired by the millions of people and businesses worldwide that use Wise today. It...
Welcome to our quarterly trading update blog post where we will be going through our mission and financial highlights from the last three months, January to...
