Some measures may not be fully understandable as a customer. But the people who previously used TransferWise are now customers of Wise (which means there are now two companies of that name – both in the financial sector). The company, founded in 2011, simplifies money transfers from A to B for more than ten million customers around the world, has been profitable for four years according to its own statements and is integrated into N26, among others. With the renaming, individual services – such as the multi-currency account or international transfers – are now listed under a bundled product, the Wise account.
The company itself now describes it like this:
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