UK-based cross-border payments Fintech Wise (lon:wise) will complete its long-awaited primary exchange listing from London to the US in May, marking a major milestone for the fintech company. Change that will enable the company to establish its main trading center Nasdaq while keeping a secondary list London Stock ExchangeIt comes amid continued momentum at its core business operations.
Wise has been a steady performer, according to the company’s most recent quarterly trading update published on April 13, 2026 business Growth across key metrics in the fourth quarter of fiscal 2026.
cross border process While the sales volume reached 49.4 billion pounds, with an increase of 26 percent on an annual basis (27 percent at constant exchange rate), the number of active individual customers increased by 22 percent, reaching 11.3 million.
Wise Business customers grew even faster, up 26 percent to 572,000, and associated business volumes increased 35 percent.
Revenue growth continued to be impressive. Underlying revenue for the quarter was £435.3 million, up 24 per cent on the same period the previous year, both on a reported and constant currency basis.
fintech The company also highlighted increased diversification through its Wise Account product, which saw customer balances increase by 37 per cent to £29.4bn and card-related revenues increased by 29 per cent.
In the full financial year, active customers reached 18.9 million (up 21%), pushing cross-border volumes to £181.7 billion (up 25%) and underlying revenue to £1,609.2 million (up 18% reported, 19% at constant currency).
Wise managers noted: cross border The call rate decreased slightly to 51 basis points; This reflects deliberate investments in pricing and product development to fuel future expansion.
fintech The firm continues to guide toward underlying pre-tax profit margin at the upper end of the 13-16 percent range for the full year, even after accounting for costs associated with the listing transition.
All results for 2026 will be presented in US dollars under US GAAP, in line with the upcoming shift in the primary market.
The dual listing strategy was first proposed in June 2025 and received approval from a majority of shareholders in July 2025.
Wise believes to move It will increase visibility among U.S. investors, the company’s biggest growth opportunity, increase liquidity, and provide access to deeper capital markets, ultimately accelerating its goal of becoming the leading global network for international money movement.
Registration statement submitted US Securities and Exchange Commission (SEC)and the company remains on track for its Nasdaq launch on May 11, 2026.
Co-founder and CEO Kristo Kärmann Referring to recent times, he stated that the company has made steady progress towards its vision. infrastructure Milestones such as membership of Payments Canada and the launch of a UK current account with a physical presence on London’s Oxford Street.
“More and more people are using Wise for everyday expenses, bills, savings and investments,” he said.
Obviously, displacement movement Wise (formerly doing business as Transferwise) underscores broader trends in the fintech sector where fast-growing companies are seeking the valuation premiums and investor base often associated with much larger investments WE based exchanges.
