Added to YB: 2025-11-10
Pitch date: 2025-11-04
WISE.L [bullish]
Wise plc
-6.89%
current return
Author Info
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Company Info
Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally.
Market Cap
GBP 8.8B
Pitch Price
GBP 9.57
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.10
P/E
23.34
EV/Sales
4.36
Sector
Financial Services
Category
growth
Wise Plc - The 'Costco of Currency transfers' ?
WISE.L: Fintech disrupting cross-border payments via local matching vs legacy SWIFT system. 70% revenue from transfer fees at declining take rates (shared scale economics), 20% from cards, 10% interest. Growing 15-20% annually but reducing prices like Costco/Amazon model. Platform with network effects, 30% ROE, trades 4.6x sales vs 8x peer avg. Risks: stablecoins, competition, key-man dependency.
Read full article (19 min)