Revenues at Wise soared 33% to £256.3m in the first half of the year.
The money transferring service has seen a growth of people using its quick services to transfer money, 40% of transfers were instant in the past three months.
Over the past three months, Wise said that 3.9 million customers transferred over £34bn, which is a 44% increase.
“Each quarter we strive to make progress on this mission. Over the first half of this year we’ve improved our products and engineered away substantial points of friction in the payments process, enabling us to sustainably lower prices while continuing to invest in growing the business for the long term,” said Kristo Käärmann, Co-founder and Chief Executive Officer.
“So a virtuous circle of investment continues, and our service gets faster, better and cheaper than ever for our personal and business customers. Whilst we have made significant progress, millions of people and businesses continue to be overcharged
and poorly served by banks and other payment providers.”
