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This Fast-Growing Payments Stock Just Moved to Nasdaq. Is Wise Coming for U.S. Banks?
Wise reported 19% revenue growth and 31% higher cross-border volume as it seeks direct access to U.S. payment rails, company said.
- On Monday, cross-border payments specialist Wise made its Nasdaq debut under the ticker WSE, shifting its primary listing from the London Stock Exchange to New York.
- Co-Founder and CEO Kristo Kaarmann stated Wise moved because the London Stock Exchange lacked sufficient trading volume for shareholders, mirroring a broader exodus of European tech firms to the United States.
- During fiscal 2026, Wise processed $243 billion in cross-border volume, up 31% year over year, with net revenue rising 19% to $2.5 billion and 18.9 million active customers.
- Wise applied for a national trust bank charter from the Office of the Comptroller of the Currency to establish Wise National Trust in Austin, Texas, and intends to seek a Federal Reserve master account.
- Chair David Wells noted the United States is "the biggest market opportunity for our products in the world today," and direct Federal Reserve access would fundamentally alter the company's cost structure for U.S. dollar transactions.
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Wise debuts on Nasdaq as London fintech applies for US banking charter and Federal Reserve master account
Wise began trading on Nasdaq under ticker WSE after moving its primary listing from London. The fintech processed $243B in cross-border volume and is pursuing a US banking charter.
·Amsterdam, Netherlands (Kingdom of the)
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Wise Starts Trading on Nasdaq With US Growth in Focus
Wise has started trading on Nasdaq as the payments company looks to deepen its presence in the US market. The company will maintain its secondary listing on the London Stock Exchange, where its shares trade on the Main Market. For the financial year ended 31 March 2026, Wise reported cross-border volume of US$243 billion, up 31% year-on-year. Customer holdings rose 40% to US$39 billion, including US$9 billion in Wise Assets holdings. Transaction…
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