ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
2
3
4
5
6
7
8
Wise PLC
Investment Thesis
9
Equity Sector: FinancialsWise is a leader in the cross-border payments market, leveraging its unique infrastructure of direct connections to local payment systems (FPS, SEPA, Pix, Zengin) to provide fast and low-cost transfers. The company maintains a high growth rate (13.3% revenue growth forecast for FY2026) and demonstrates sustainable profitability (expected underlying PBT margin of 16.2%). Wise is actively expanding Wise Platform – a B2B infrastructure for banks and fintechs, which increases TAM and reduces reliance on the retail segment. Customer balances, including the Wise Assets product, are becoming a key driver of interest income and interchange, which now account for over 30% of revenue. Despite a short-term decline in ARPU and TPV per customer, Wise continues to systematically expand its customer base (+25-30% growth), increasing engagement and retention. With a strong brand, organic word-of-mouth growth, and a clear focus on long-term scalability, the company is well positioned to emerge as a long-term winner in its market.
10
Industry:
Financial Services
11
12
13
14
15
16
17
Rating:Buy
18
Current price:£10.33
19
Target price:£13.24
20
21
22
23
Grana Research
24
Website: granaresearch.com
25
E-mail: grana.research@gmail.com
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100