WISE LISTS ON NASDAQ, RELISTS IN LONDON

Wise Group Plc reported net revenue of $2.5 billion for the year ending March, up 19% year-over-year, ahead of the Nasdaq debut. The money transfer and cross-border payments platform's dual listing strategy positions it to access both the larger US investor base and maintain its UK market presence. Trading on Nasdaq as a primary listing with a London secondary listing is a structure adopted by several UK-based tech companies seeking global capital access. Wise has built its business on lower-cost international payments, competing with traditional banks and established remittance services. The company's revenue growth reflects increased demand for cross-border financial services, particularly post-pandemic as remote work and global employment became more common. The listing comes as fintech companies face heightened regulatory scrutiny and pressure to demonstrate profitability. Wise's 19% revenue growth underscores ongoing demand for its services across markets.