UK based cross-border payments Fintech Wise (LON:WISE) is set to complete its long-anticipated move of its primary stock market listing from London to the United States in May, marking a significant milestone for the fintech company. The shift, which will see the firm establish its main trading hub on Nasdaq while keeping a secondary listing on the London Stock Exchange, comes amid continued momentum in its core business operations.
According to the company’s latest quarterly trading update released on 13 April 2026, Wise delivered steady business growth across key metrics in the fourth quarter of its 2026 financial year.
Cross-border transaction volumes climbed 26 per cent year-on-year (27 per cent at constant currency) to reach £49.4 billion, while the number of active personal customers rose 22 per cent to 11.3 million.
Wise Business customers expanded even faster, increasing 26 per cent to 572,000, with associated business volumes surging 35 per cent.
Revenue growth remained impressive. Underlying income for the quarter totalled £435.3 million, up 24 per cent from the same period a year earlier on both reported and constant-currency bases.
The Fintech company also highlighted growing diversification through its Wise Account product, with customer balances climbing 37 per cent to £29.4 billion and card-related plus other revenues advancing 29 per cent.
For the full financial year, active customers reached 18.9 million (up 21 per cent), driving cross-border volumes to £181.7 billion (up 25 per cent) and underlying income to £1,609.2 million (up 18 per cent reported, 19 per cent at constant currency).
Wise executives noted that the cross-border take rate eased slightly to 51 basis points, reflecting deliberate investments in pricing and product development to fuel future expansion.
The Fintech firm continues to guide toward an underlying profit-before-tax margin at the upper end of its 13-16 per cent range for the full year, even after accounting for costs tied to the listing transition.
Full-year 2026 results will be presented in US dollars under US GAAP, aligning with the impending change in primary market.
The dual-listing strategy was first proposed in June 2025 and received overwhelming shareholder approval in July 2025.
Wise believes the move will enhance visibility among US investors—the company’s largest growth opportunity—improve liquidity, and provide access to deeper capital markets, ultimately accelerating its ambition to become the leading global network for international money movement.
A registration statement has been filed with the US Securities and Exchange Commission (SEC), and the company remains on track for the 11 May 2026 Nasdaq debut.
Co-founder and CEO Kristo Käärmann commented that the firm is making steady progress toward its vision, citing recent infrastructure milestones such as membership in Payments Canada and the launch of a UK current account with a physical presence on London’s Oxford Street.
“More and more people are using Wise for everyday spending, bills, savings and investments,” he said.
Clearly, the relocation move by Wise (formerly doing business as Transferwise) underscores broader trends in the fintech sector, where high-growth companies seek the valuation premiums and investor base often associated with much larger US based exchanges.
