Also, Wise is making money. If you want to scare yourself read some of these articles on the number of unicorns that have billions of dollars in debt. If the bank’s stop propping them up, it will be a massacre.
Looks like they managed to get past 8 today (and the usual, ‘I’ll sell when it gets to a whole number’ thing, what is that about anyway? You can see the tug of war going on in the charts. I’d find it amusing if it wasn’t one of main investments atm).
This is spot on and one of the main reasons I invested in Wise. Look at their balance sheet over the last few years and it simply is a good company.
The other main reason is that I have been a customer of theirs for many years and saved hundreds if not thousands of pounds in fees. So I understand their product and I understand the need of their product fully.
Valuation? Does that actually mean anything anymore? Tesla just hit one trillion…
Going off P/E ratio is very very misleading for this type of company as many people seem to be doing.
Devil’s advocate: Competition will become fierce very quickly, this is a major threat in my opinion.
I invested in Wise a few weeks after the IPO. I thought of them as a solid company, good brand, out there making a change, quite a few people using them actively. I recently published this article, aptly titled 
“A Wise Investment” which walks through a high-level summary of my analysis of Wise finances. Minor self-promo here but not trying persuade anyone. You invest in whatever you want, but I thought it might be helpful content. It isn’t my complete analysis, but I think the summary drives home that I think Wise is a good business to consider.
Completely agree here. Competition is going to be fierce. Hopefully this will drive innovation for Wise!
This is very good, thanks 
Inspired by @alan.ws I thought I’d write my own piece on Wise:
I actually reference one of your charts @alan.ws . Mind showing me how you got financial date going back to 2015? I use Yahoo Finance which only goes back 3 years
I’m a techie at heart, so this article is less about financials and more about the technical advantage Wise has (I do talk about financials, just not very much).
@alan.ws @beatrice - Amazing work Folks!
Two incredible pieces both well researched and well written.
Hey @beatrice , all startups (companies) need to file accounts with Companies House - WISE PAYMENTS LIMITED filing history - Find and update company information - GOV.UK - so you can do a little digging round and find the information out there. Yahoo etc. only tend to list publicly trading companies. My focus is startups, and especially the ones that are near to IPO or recently IPO or potential IPO candidates.
Thank you
I now finally understand why they rebranded. I have been using wise for 3 years now and would not be able to manage my finances without them, or paying 10x more in fees.
Good article 
Wow, you put a lot of effort in here and it shows. Brilliantly researched and written, that was a terrific read.
I love Wise (as a customer) and can attest that their customer service is absolutely fantastic too.
Don’t own shares but I think I’m about to.
Thanks for posting
Thanks for the great read
I enjoyed having my morning brew to that and went to subscribe but $70 is a bit steep. A shame the platform doesn’t do a smaller sub or tip for individual articles etc as I daren’t start paying for handful of articles or I would go bankrupt 
Or is the sub for the whole site?
I did try to give a gift but turns out that is a full sub to give as gift to someone else and not a “tip” for the writer. 
Again a great read!!
ah tyty, I normally invest in american companies so I forgot about our wonderful companies house
haha yeah, I haven’t set up substack properly yet I do have a buy me a coffee that lets you do this
I’ve also reduced the fees because $70 is a bit steep 
Done Keep up the good work!!
Everyone must have read @beatrice piece. WISE is having its best day in while.
really awesome read!
Update: This is July - Sept, they just tweeted it so thought I’d share
Wise Q3 update
TL;DR the fees went down, more transfers were instant, employee expenses made easier, UK customers have assets.
In my latest video I analyse Wise stock (£WISE) using fundamental analysis. Is WISE stock a buy?
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I go through Wise’s business summary, sales breakdown & financial statements to get an understanding of the business. After this, I go through my analysis checklist and then value Wise stock using the discounted free cashflow method.
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Wise (formerly TransferWise) is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011.
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Wise makes it fast, easy and cheap for you to send money abroad. Wise has some of the lowest fees in the currency exchange industry, which has made them one of the biggest international money transfer providers in the world. They have millions of customers and handle billions in transactions every year.
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Wise became a public company through a direct listing in London on 7 July 2021. In contrast to a traditional IPO, Wise opted for a direct listing. The company said that this was the fairer, cheaper and more transparent way for them to broaden their ownership.
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Please also remember to like and comment, if you enjoyed the video!
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Subscribe to Lewis Harding Invest on YouTube.
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Worst stock I’ve ever bought. Taking into account that I was waiting for it to go public and bought in at the first opportunity. How inadequate management can be ruining what was a no brainer success is simply astonishing. I’ve lost all confidence in the company. Will hold on for a few more weeks and cut my losses at hopefully less than 20%
I’m still buying WISE as a small but long term investment. It only IPO’d in July, plenty of time for it to 
(maybe)
