Double blow to London as Cobalt Holdings abandons IPO June 5, 2025 Cobalt Holdings has abandoned its plans for a $230m float on the London Stock Exchange, issuing a double blow to UK markets after losing Wise to the US today. The company confirmed in a brief London Stock Exchange notice that it “will not proceed with its proposed initial public offering”, dashing hopes for what would [...]
UK fintech Wise ditches London primary listing for US June 5, 2025 Money transfer firm Wise dealt a crushing blow to the London Stock Exchange on Thursday, after announcing plans to transfer its primary listing to the US. The UK fintech’s new proposals include a dual listing in the UK and US, but with the latter as a primary base. Wise said transferring its main listing would [...]
Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints May 9, 2025 Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]
Analysts ‘bullish’ on UK fintech Wise despite tariff threat April 16, 2025 Wise’s trading update left analysts with a “bullish outlook” on the money transfer firm, but they warned of a tariffs threat. The UK fintech pocketed £350m in underlying income for the fourth quarter – a 13 per cent jump year-on-year. International payments bolstered the firm’s intake, soaring 28 per cent to £39.1bn. This offset a [...]
Income at UK fintech Wise jumps as payment volumes soar April 15, 2025 Money transfer firm Wise posted an increase to fourth quarter income driven by growth in international payments. The fintech, which enables digital payments for consumers and businesses, booked an underlying income of £350m for the fourth quarter. This was a 13 per cent increase from the previous quarter. Cross-border volumes soared 28 per cent to [...]
UK fintech Wise eyes FTSE 100 listing April 4, 2025 Money transfer business Wise said it was consulting with shareholders on a potential FTSE 100 listing. The fintech said it would need to amend parts of its articles of association and receive approval from the Financial Conduct Authority to join a new listing category. Wise said it was “extensively consulting with shareholders on the optimal [...]
Wise shares jump after the company upgrades forecasts April 3, 2025 Shares in global fintech Wise jumped six per cent in early deals this morning after the firm posted preliminary figures for its current financial year on Thursday ahead of its capital markets day. The event’s presentation will also include updates on the current financial year, for which the full results will be posted on June [...]
Wise: Fintech’s customers surge on back of payment deals boom January 16, 2025 Customers at fintech platform Wise have jumped 20 per cent over the last year as the firm continues to make deals with top financial clients. In a quarterly trading update, the money transfer firm revealed that cross border volumes had surged 24 per cent, or 27 per cent on a constant currency basis, to £37.8bn. Meanwhile, [...]
Wise shares bounce on ‘milestone’ Morgan Stanley payments deal December 17, 2024 Shares in Wise have jumped this afternoon after the London-listed fintech firm announced a “milestone” deal to handle foreign exchange payments for Morgan Stanley’s corporate clients. The money transfer firm said Morgan Stanley will become the first major investment bank to offer “high speed cross border” payments through its platform business, which provides payments infrastructure [...]
The only FTSE 100 stock Scottish Mortgage is buying November 22, 2024 Scottish Mortgage has always had an international focus, and there's only one FTSE 100 stock the investment trust wants to buy: Itself.