Added to YB: 2024-05-23
Pitch date: 2024-05-22
WISE.L [bullish]
Wise plc
+7.81%
current return
Author Info
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 8.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.10
P/E
23.34
EV/Sales
4.36
Sector
Financial Services
Category
growth
Why Ryan Is Buying This European Fintech Disruptor - $WISE.L
WISE.L: Transfers money cheaply across borders via own infrastructure, undercutting banks. 4 main products: transfers, Wise card, high-yield account, enterprise platform. Added 4M customers in 2.5yrs vs 11yrs prior. 51% revenue CAGR since 2019, 76% gross margins. CEO owns 48% voting power. 14x EV/FCF despite growth potential. Risks: overspending. Bullish - large TAM, network effects, profitability.
Read full article (8 min)