No. of Recommendations: 6
Since this is an investment forum, some of you might be interested in a "Business Breakdown" podcast, where they interviewed a business analyst and discussed the business Wise is trying to disrupt.
podcasts.apple.com - Wise moving money around the worldIf you'd rather skim the transcript,
steno.ai - Wise moving money around the worldHere's the intro paragraph.
This is Zack Fuss, an investor at Irenic Capital, and today we're breaking down Wise. Wise helps individuals and small businesses move money across borders. It offers significantly faster and cheaper international transfers than traditional banking routes because of its innovative closed-loop system. Twelve years after its founding, Wise serves six million customers and earned close to £1 billion in income last year. Investors currently value the business, which is listed in London, at £6 billion.
To break down Wise, I'm joined by former payments exec and now investor at Sydney-based TDM Growth Partners, James Revell. We cover the broken system of correspondent banking, which has led to slow, opaque, and expensive transfers and then explore how Wise has counter-positioned itself to take advantage of this large market. Please enjoy our breakdown of Wise.
