Money transfer app Wise, formerly TransferWise, has announced a 33% rise in full year revenues.
In Brief:
Wise’s revenues were recorded as £559.9mn up from £421mn in 2021, with gross profit rising by 43%.
Adjusted EBITDA rose 12% to £121.4mn.
The firm says it has invested “as planned” into its teams, products and marketing.
What does this mean?
Wise has increased its number of active customers through its rollout of new products and expansion into new geographies.
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