Wise PLC Class A (GB:WISE) has released an update.
Wise PLC has reported a significant year of growth in 2024, with a 29% increase in customers to 12.8 million and a 31% rise in underlying income to £1.2 billion. Profits before tax skyrocketed by 226% to £242 million, bolstered by account adoption, customer growth, and higher interest rates. The company’s commitment to enhancing infrastructure, reducing fees, and expanding globally has positioned it well in the under-served cross-border payments market.
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