Wise Debuts on Nasdaq Stock Exchange
Wise, the London-based fintech company, officially debuted on the Nasdaq Stock Exchange on Monday, marking its planned shift to the U.S. markets. With this move, Wise is hoping to gain greater visibility in the U.S. market, home to one of the largest growth potentials worldwide. The company will continue to maintain its listing in the U.K. as a secondary exchange.
Wise’s chairman, David Wells, stated, “A listing in the U.S. not only gives us better access to the world’s deepest and most liquid capital market, it also more closely aligns Wise with the major growth potential for us in the U.S. – the biggest market opportunity for our products in the world today”.
A Growing Customer Base and Increased Payments
Wise currently boasts about 19 million customers globally and processed $242 billion in payments in its 2026 fiscal year that ended on March 31. This represents a 31% increase over the previous year. A significant portion of these customers reside in the U.S.
The announcement finalizes a process that started nearly a year ago when Wise declared its intention to shift its primary listing to New York from London. The fintech company secured shareholder approval for the stock move in September 2025.
Investments in the U.S. Market
Wise has been actively investing in the U.S. market. In September, it expanded its offices in Austin, Texas, and it’s among the numerous fintech companies pursuing a banking charter and access to the Federal Reserve’s payment system.
Analyst’s View on Wise
Financial analyst Cristopher Kennedy from William Blair is bullish on Wise. In a recent research note, he stated, “Wise is not trying to reinvent money; rather, it is capturing this opportunity by reimagining the correspondent banking industry via a proprietary global network that leverages existing infrastructure but eliminates intermediaries and improves payment speed and visibility while reducing costs”.
He further added that the cross-border payments market is massive, fragmented, and complex, hence it can support multiple winners. Wise’s cross-border volume has grown at a compound annual rate of 31% between its fiscal 2019 and fiscal 2026, with 70% to 30% volume spread for consumer and small-business payments, respectively.
Wise’s Financial Data and Future Outlook
Wise will host a presentation on Tuesday to provide preliminary estimates of its full-year 2026 U.S. GAAP financial data. In addition to the 31% increase in cross-border volume, Wise reported that customer holdings were up 40% year over year to $39 billion, with $9 billion of that in Wise Asset holdings, its investment platform.
Transaction revenue landed at $1.9 billion, an increase of 22% compared to the same period last year. Cross-border revenue rose 17% to $1.3 billion, and card and other revenue increased 34% to $600 million. Card spend increased by 37% to $44 billion, and net revenue landed at $2.5 billion, reflecting an increase of 19%.
Kennedy concluded, “We view Wise’s approach as a self-reinforcing flywheel: more cross-border volume drives scale benefits and gross profit dollars, which are systematically reinvested in the product, technology, infrastructure, marketing, and price, all of which drive more volume”.
With its official listing on the Nasdaq, Wise is poised to expand its footprint and influence in the U.S. market. Its unique approach to banking and commitment to improving payment speed and visibility is likely to continue driving its growth in the coming years.
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