Wise Debuts on Nasdaq as it Targets US Cross-Border Growth

Wise has officially launched its listing on Nasdaq, with trading commencing at 9:30am ET on 11 May 2026. 

The move marks a significant expansion for the global technology company, which already maintains a secondary listing on the London Stock Exchange (LSE). 

By entering the US public markets, the firm is positioning itself to capture a larger share of the cross-border payment landscape, following a year of substantial growth in volume and revenue.

Financial performance and scale

The leadership team is set to present unaudited US GAAP financial data for the year ended 31 March 2026. 

These figures highlight the scale of the Wise infrastructure, which now handles US$243bn in cross-border volume – a 31% increase year-on-year. 

Net revenue has climbed 19% to reach US$2.5bn. 

The fintech's ecosystem continues to broaden, with customer holdings reaching US$39bn.

This includes US$9bn held within Wise Assets, indicating that users are increasingly using the platform for more than just simple transfers. 

Card spend has also seen a sharp rise, growing 37% to US$44bn.

Kristo Käärmann, Co-Founder and CEO at Wise, says: “15 years ago, we set out with a simple but ambitious goal: to make moving and managing money around the world as fast, simple and cost-effective as sending an email. 

“We’ve come a long way since then. In the last financial year, we helped nearly 19 million people and businesses, including banks like Morgan Stanley and Standard Chartered, move over US$243bn across borders instantly and at a fraction of the cost of traditional providers, saving our customers more than US$3.3bn in fees.”

Capitalising on US market potential

The US represents a critical frontier for Wise. The company aims to provide an alternative to traditional banking structures which often rely on opaque foreign exchange costs and slower processing times.

By listing on Nasdaq, Wise intends to use the visibility and liquidity of the US markets to fuel its local presence.

David Wells, Chair at Wise, explains: “A listing in the US 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 US – the biggest market opportunity for our products in the world today. 

“We already serve millions of American consumers and businesses through Wise Account, Wise Business and Wise Platform, but we know that there are tens of millions more who need an alternative to the high fees, slow transfers and unclear foreign exchange costs traditional providers offer.

“With this move we look to continue expanding our local presence and reaching thousands of US banks, online platforms and the many people and businesses who transact across borders.”

New infrastructure for global money

Wise has developed a proprietary global payments network consisting of more than 80 licences and direct connections to domestic payment systems in eight markets.

This infrastructure allows for transactions across 40 currencies. 

Currently, 75% of payments processed through the network arrive in under 20 seconds, while 96% are completed within 24 hours.

To coincide with the Nasdaq debut, the company is launching OwnWise.

This loyalty programme is designed for eligible customers who also hold shares in the company, further integrating its user base with its corporate ownership structure.

Kristo continues: “Still, with US$43tn moved across borders each year globally, we’re only getting started.

“People and businesses around the world are estimated to be losing over US$250 bn in hidden fees each year – including here in the US where that figure is expected to hit US$43bn in 2026.

“We believe our US listing will help us accelerate our mission, helping to bring more of Wise to everyone in the US, as customers and as owners.”