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The Wise story

Wise was launched in 2011 with the vision of making international money transfers cheap, fair, and simple. Today, our multi-currency account helps over 10 million people and businesses manage their money across the world. Here’s how we got here.

Like many good stories, this one starts with two friends.

They’re both from Estonia. Taavet, who was the first employee at Skype, lived in London but got paid in euros. Kristo worked for Deloitte, also lived in London, and got paid in pounds. But he had a mortgage in euros back in Estonia.

They both moved their money with their banks — which had expensive fees and bad exchange rates. They knew there had to be a better way. So they put their heads together and invented a beautifully simple workaround.

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Like many good stories, this one starts with two friends.

A better way to move money across borders

Each month, they looked up the actual exchange rate on Reuters. Taavet put his euros into Kristo’s Estonian bank account, and Kristo topped up Taavet’s UK account with his pounds. Both got the currency they needed almost instantly, and neither paid an extra cent on bad exchange rates or unreasonable charges.

There was no waiting, no stress, and no extra cost. ‘There must be others like us…’ they thought. So they started a company, called it TransferWise, and hired a team to build the best way to send money between countries.

As we grew, we realised that people needed more than just money transfers. So we added a multi-currency account, a debit card, and a business account, and changed our name to Wise.

Sign up with Wise to start sending, spending, and receiving money internationally

A better way to move money across borders

Wise today.

Our name may have changed but the heart of what we do is always the same: helping people manage their money internationally more cheaply, quickly, and transparently.

Over 10 million people now trust us to move more than £4.5 billion every month, which saves them £3 million in bank fees every day. With the Wise account, they hold balances in over 55 currencies, and use our debit card to shop and spend while abroad.

We’ve partnered with banks and companies like Monzo, Bolt, and GoCardless, to bring their customers better international banking. And people like Richard Branson, and PayPal co-founder Max Levchin, among others, have invested in our vision.

Like our customers, we’ve become a bit more global — we’ve opened 14 offices, with over 2,400 employees. Just what you need when your mission is building money without borders.

Join us today for better international banking.

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Three things we believe about sending money.

1

It should be low-cost and fair.

The real exchange rate is the only fair one — and that's the one you get with Wise. And we show all our fees upfront. Why? Because markups and hidden fees are unfair, and finance has been unfair for too long.

2

It should be easy.

Sending money should be stress-free – no matter how far it’s traveling. Our app and website are designed for you to manage your money on the go. And we’ve built a team that’s dedicated to keeping your money safe, and the process watertight.

3

It should be fast.

We believe that sending money should be as fast as sending an email. It takes a few minutes to set up your account, and most of our transfers go through instantly or on the same day.

Not ready yet?

Why not sign up for exchange rate alerts? Get a daily update on the exchange rate, or set a target exchange rate so that you can transfer at the right time for you.

Sign up for rate alerts

See how our customers use us.

Read some of the stories of how Wise helps over 10 million people manage their money in our Lives Without Borders series.

Track the rate
www.bbc.com logo

Another key to their success - TransferWise has shifted more than £3bn of customers' money since 2011 - is the simplicity of design

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www.economist.com logo

TransferWise takes a machete to the hefty fees that banks levy to send money across borders.

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www.forbes.com logo

And voilà , 90 minutes later 250 euros showed up in a European account. There was no spread, just a $3 fee.

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