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1 year ago

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Breakingviews - Wise's tougher times raise risk of mission drift

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Breakingviews - Wise's tougher times raise risk of mission drift

Rival financial-technology bosses must long for the kind of problems that plague Kristo Käärmann, the co-founder of UK money-changer Wise . He now has 6.1 million customers, results released on Tuesday showed, up 33% from a year ago. Revenue rose 45% year-on-year in the most recent quarter. But the company's share price dropped as much as 14% in response. Investors were likely spooked by the fact that customers are making smaller transactions on average.

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Breakingviews - Wise's tougher times raise risk of mission drift

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Breakingviews - Wise's tougher times raise risk of mission drift

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