How we work to keep your money safe: update given events with SVB
This article was updated on March 17th 2023 At Wise, we know that many have been affected by the events involving Silicon Valley Bank (SVB), and we are...
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.
This article was updated on March 17th 2023 At Wise, we know that many have been affected by the events involving Silicon Valley Bank (SVB), and we are...
Wise’s commitment to improving gender diversity At Wise, our mission is money without borders. In order to build the future of global money, we need a team...
Welcome to our quarterly trading update blog post where we will be going through our mission and financial highlights from the last three months, September to...
Welcome to our half year results blog post where we are excited to go through our mission and financial highlights for the six months ended 30 September...
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