In the past 12 years, Wise has gathered over 8 million customers and handles a volume of over £6 billion every month, helping its customers save millions. That alone speaks to the big movement that Wise represents today. It’s not just a new startup, it’s now a public-listed unicorn with 14 offices and over 2,200 employees. The Wise online platform had a 99.856% uptime in 2021 and 86% of customers had their accounts verified and ready to make international payments in under an hour.
Wise is an authorised Electronic Money Institution with the FCA in the UK, where it is headquartered. As part of this regulation, Wise is required to hold regulatory capital as part of its licence. This capital is designed to protect Wise, and its customers’ money, against any unexpected market events. In addition to its UK licensing, the firm follows a strict set of rules set by regulatory agencies in every country in which they operate. As an example, Wise Australia is regulated by ASIC (the Australian Securities and Investments Commission).
So you can rest assured
that your money is
in good hands because they offer
institutional grade security, just like the banks.