Wise Maintains Momentum as Cross Border Volumes Drive Revenue Growth

Wise Group has commenced its 2027 financial year with a robust performance, reporting sustained growth in customer numbers and transaction volumes as demand for its low-cost international payment services continues to expand.

The fintech company delivered first quarter net revenue of $714 million, representing a year-on-year increase of 25%. The growth was underpinned by rising cross-border payment volumes and an expanding customer base, according to figures for the three months ended 30 June.

Customers transferred $69.3 billion through the platform during the period, marking a 26% increase compared with the corresponding quarter in the prior year. Active customers rose 21% to reach 11.9 million, whilst customer balances climbed 31% to $41.2 billion, indicating deeper engagement with Wise’s multi-currency account offerings.

Transaction revenue increased 27% to $540.9 million, even as the average fee charged declined to a record low of 0.50%. The compression in pricing reflects the company’s strategic approach of returning efficiency gains to customers whilst maintaining volume growth. This approach appears to be supporting market share gains in an increasingly competitive sector.

Operational metrics also showed improvement, with 77% of transfers now arriving instantly, up from 70% in the year-earlier period. The enhanced speed of service represents a competitive advantage in a market where execution quality increasingly differentiates providers.

Kristo Käärmann, co-founder and chief executive, emphasised the company’s ambition to establish a global network for money movement, noting that nearly 12 million individuals and businesses utilised Wise during the quarter.

The company has extended its geographic footprint through a launch in Chile, where customers can now remit funds internationally and fund multi-currency accounts using local instant payment infrastructure.

Management reaffirmed full-year guidance, projecting revenue growth to remain comfortably within its medium-term target range whilst profitability is expected to track towards the upper end of the company’s target margin. The outlook suggests confidence in the sustainability of current growth trajectories despite an uncertain macroeconomic environment.