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RE: LeoThread 2024-11-06 03:16

British fintech firm Wise posts 55% jump in profit on expanding market share

British digital payments firm Wise said that its first-half profit totalled £217.3 million ($279.8 million) in the first-half period, up 55% year-over-year.

Wise posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share.

The British digital payments firm said that its first-half profit totalled £217.3 million, up from £140.6 million in the same period a year ago.

#wise #fintech #digitalpayments #earnings #britian

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That came on the back of a 25% increase in active customers, with Wise reporting a total of 11.4 million consumer and business clients.

Revenues at the money transfer platform climbed 19% year-on-year for the period to £591.9 million, Wise reported Wednesday.

Shares of Wise surged as much as 8% shortly after the London market opened Wednesday, adding to gains from Tuesday on a partnership with Standard Chartered to power the bank's cross-border payments offering for retail customers.

The stock was last up almost 5.5% as of 10 a.m. London time.