Wise (Formerly TransferWise) Statistics By Marketplace And Facts (2026)

Introduction

Wise (Formerly TransferWise) Statistics: The financial technology firm Wise plc, previously known as TransferWise, has evolved from a start-up into a significant global entity catering to millions of clients. Wise is more than just a money transfer service; it is a global resource that enables individuals and businesses to send, hold, receive, and even grow their funds across multiple currencies. Numerous companies rely on Wise for both domestic and international transactions, owing to its transparent pricing and lower fees compared to conventional banks.

Below, you will discover essential statistics and insights regarding the number of employees at Wise.

Editor’s Choice

1. Wise (Previously known as Transferwise) statistics show that personal transaction volume grew by 14% to £87.2 billion, while business transactions rose by 12% to £31.3 billion.
2. 67% of customers discover Wise through word of mouth.
3. As of March 31, 2025, Wise employs 6,500 individuals worldwide.
4. In the past four years, Wise has experienced an extraordinary rise in its profit before tax.
5. Wise multi-currency accounts are capable of holding and exchanging 53 different currencies.
6. In the three years leading up to FY2024, Wise has experienced significant outcomes from its continuous growth investments.

General Wise Statistics

• Wise (Previously known as Transferwise) statistics indicate that gross profit experienced a remarkable growth of 71% annually, rising from £638.2 million in FY2023 to a record total of £1,092.4 million in FY2024: a significant achievement for Wise.
• Underlying income saw a year-on-year increase of 31%, reaching £1,172.7 million in FY2024, up from £892.0 million in FY2023.
• Profit Before Tax (BPT) saw a substantial rise, reaching £481.4 million in FY2024, which is more than three times the growth from the £146.5 million reported in FY2023.
• Total revenue experienced a surge from £846.1 million in FY2023 to £1,052.0 million in FY2024.
• In conclusion, the company’s total revenue has escalated from £846.1 million in 2023 to £1,052.0 million in 2024, reflecting the expanding customer base and its broad global presence.
• The value of cross-border transactions increased by 13% year-on-year, amounting to £118.5 billion in FY2024.
• Wise (Previously known as Transferwise) statistics show that personal transaction volume grew by 14% to £87.2 billion, while business transactions rose by 12% to £31.3 billion.
• The total number of active customers reached 12.8 million, marking a year-on-year increase of 29%, with 5.4 million of these registered in FY2024.

Wise Facts Statistics

Wise Marketplace Statistics

• Wise has been identified in recent research as a significant participant in the global digital remittance sector.
• Research indicates that the global digital remittance market was valued at USD15.27 billion in 2021, with an anticipated increase to USD36.54 billion by 2028.
• 45% of international transactions are conducted through specialized money transfer services instead of banks.
• Personal clients rely on Wise for transferring 1 GBP out of every 40 GBP of the 2 trillion GBP in personal cross-border transactions processed in 2020 (approximately 2.5% of the market).
• On average, 76% of customers would recommend Wise to a friend.
• 67% of customers discover Wise through word of mouth.

Wise Employee Statistics

• As of March 31, 2025, Wise employs 6,500 individuals worldwide.
• The average number of employees for the year ending March 31, 2025, was 6,151, compared to 5,499 in 2024, according to the company’s report.
• In the fiscal year 2025, the total employee benefit expense amounted to £412.7 million.
• The breakdown for FY2025 is as follows: Servicing staff 3,915, Product Development 1,411, Other functions approximately 534, and Marketing 291.
• The revenue per employee, as reported, was £186.2k in 2025.
• The company has stated: “We now have over 6,500 people working in 11 key locations around the world.”
• The employee count increased by roughly 18% year-on-year, rising from 5,500 in 2024 to 6,500 in 2025.

Wise Profit Before Tax Statistics

• In the past four years, Wise has experienced an extraordinary rise in its profit before tax.
• For the year 2021, the company declared a profit before tax amounting to £41.1 million, which then experienced a modest increase to £43.9 million in 2022. However, in 2023, there was a significant leap to £146.5 million, indicating a robust enhancement in financial performance.
• The upward trajectory persisted in 2024, with a profit before tax of £481.4 million, representing an increase of over threefold compared to the previous year.
• This remarkable growth illustrates Wise’s capability to effectively scale its operations, generate revenue, and manage its costs while broadening its global customer base.

Wise Product Statistics

• Wise multi-currency accounts are capable of holding and exchanging 53 different currencies.
• All currency exchanges conducted by Wise utilize the actual mid-market exchange rate, devoid of any markup or hidden fees, which can be up to 8 times more affordable than standard Australian banks.
• Wise offers low-cost international payments to over 80 countries.
• Account holders with Wise receive bank details for 10 currencies, enabling them to receive payments like a local from more than 30 countries. Additionally, Wise international debit cards can be utilized in over 200 countries and at 2.3 million ATMs.
• Since 2018, more than 2 million Wise debit cards have been issued.
• As of 31 March 2021, Wise accounts hold current deposits totaling 3.7 billion GBP.
• The Wise website is accessible in 15 languages, providing multilingual support around the clock.

Wise Investment Growth Statistics

• In the three years leading up to FY2024, Wise has experienced significant outcomes from its continuous growth investments.
• The number of active customers increased at a compound annual growth rate (CAGR) of 29%, while cross-border transaction volume expanded at a comparable CAGR of 30%, reaching £118.5 billion.
• Customer balances surged at an impressive CAGR of 53%, totaling £13.3 billion.
• This growth is directly attributed to the rising adoption of services and an expanding customer base, alongside higher central bank rates, which contributed to a 31% increase in underlying income, amounting to £1172.7 million in FY2024 compared to the prior year.
• After covering operational expenses, a substantial portion of the generated cash was reinvested into marketing, improving service delivery, product innovation, infrastructure, and price reductions that encourage customer growth.
• The underlying profit before tax in FY2024 skyrocketed by 226% compared to FY2023 following these investments, resulting in an underlying PBT margin of 21%.
• The reported profit before tax surged to £481.4 million, while basic earnings per share rose to 34.2 pence, more than tripling in comparison to FY2023.
• This scenario illustrates the company’s robust financial performance throughout the year and the effective growth strategies implemented.

Wise’s Key Players Statistics

• Kristo Käärmann is the Co-founder and Chief Executive Officer (CEO) of Wise. He continues to guide the strategic direction and international growth of the company.
• Harsh Sinha holds the position of Chief Technology Officer (CTO). Having joined Wise from PayPal, he plays a crucial role in enhancing platform scalability and driving engineering innovation.
• Matt Briers, the former Chief Financial Officer (CFO), announced his exit in 2024. As of 2025, Emmanuel Thomassin, who previously served as CFO at Delivery Hero SE, has taken over the CFO position.
• Diana Avila is the Chief Banking and Expansion Officer at Wise, leading the team tasked with the international expansion of Wise’s operations while collaborating closely with financial partners and regulators.
• Isabel Naidoo acts as the Chief People Officer, overseeing global people and workforce functions.
• Steve Naudé serves as the Managing Director of Wise Platform, directing the global operations of the Wise Platform business.
• Nilan Peiris, the Chief Product Officer at Wise, leads the customer experience and product teams, emphasizing user-driven design and product simplicity.

Wise Revenue And Profit Statistics

• The financial report for FY 2025 indicates a revenue of £1,211.9 million and employee benefit expenses totaling £412.7 million, covering approximately 6,500 employees. This results in an expenditure of about £63,000 per employee on benefits.
• The profit before tax margin for the fiscal year 2025 was noted at 21%, with an underlying profit before tax totaling £282.1 million.
• The company employed around 6,500 individuals, yielding a revenue per employee of approximately £186,200.
• By utilizing the underlying profit before tax of £282.1 million and a workforce of 6,500 employees, the profit per employee is estimated to be around £43,000.
• The free cash flow conversion for FY 2025 was 117.9% of the underlying profit before tax.
• From FY 2024 to FY 2025, there was a revenue increase of approximately 15%, rising from £1,052.0 million to £1,211.9 million.

Wise Recent Development Statistics

• Based on the FY25 annual report, Wise reports 15.6 million active customers, compared to 12.8 million in FY24.
• Card revenue (primarily interchange & card fees) in FY2025 rose 31 % to £219.8 million.
• Administrative expenses rose 25 % in FY2025 to £768.6 million, indicating investment in support functions, including the workforce.

Conclusion

In conclusion, the workforce of the company is experiencing rapid growth, with a culture that prioritizes mission and speed, and its financial performance indicates high productivity per employee. The inclusive culture, diverse global talent pool, and adaptable working model of the company facilitate this expansion. However, there are still challenges to address in achieving sustainable scaling, navigating global regulations, and retaining talent across different jurisdictions.

For companies, investors, and job seekers interested in a global fintech that is scaling, these metrics provide a reliable benchmark. Should you wish to delve further into aspects such as employee distribution by department, comprehensive turnover statistics, and comparisons with specific competing firms, please do not hesitate to inform me, and we can explore those topics next.

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