Total amount raised
$1.7 Billion
Latest funding date
10/1/2022
Location
Wise has successfully raised funding over 13 rounds, with the latest being a Post-IPO Debt round led by Silicon Valley Bank UK. The company is known for its international money transfers and multi-currency accounts.
Wise's journey in securing investments from 39 investors highlights its strong market position and growth potential. Keep reading to explore the intricacies of Wise's fundraising journey and the investors backing this innovative platform.
What Is Wise?
Wise, a financial technology company, specializes in low-cost, fast international money transfers and multi-currency accounts. The company operates in the finance, financial services, fintech, and payments industries.
Founded in London, England, Wise has grown to employ between 5001 and 10000 people. The company is publicly traded under the ticker LSE:WISE and has raised significant funding through multiple rounds.
How Much Funding Has Wise Raised?
- Post-IPO Debt
- Amount Raised: USD 300,000,000
- Date: October 2022
- Lead Investors: Silicon Valley Bank UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund Wise's growth plans and provide flexible and efficient access to working capital.
- Debt Financing
- Amount Raised: USD 160,000,000
- Date: May 2021
- Lead Investors: Silicon Valley Bank UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Wise's growth.
- Secondary Market
- Amount Raised: USD 319,000,000
- Date: July 2020
- Lead Investors: D1 Capital Partners, Lone Pine Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Amount Raised: USD 292,000,000
- Date: May 2019
- Lead Investors: Lead Edge Capital, Lone Pine Capital, Vitruvian Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Debt Financing
- Amount Raised: USD 65,000,000
- Date: November 2018
- Lead Investors: JP Morgan, LHV Group, NatWest Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Wise's growth.
- Series E
- Amount Raised: USD 280,000,000
- Date: November 2017
- Lead Investors: IVP, Merian Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Wise's services and market reach.
- Series D
- Amount Raised: USD 26,000,000
- Date: May 2016
- Lead Investors: Baillie Gifford
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and product development.
- Series C
- Amount Raised: USD 58,000,000
- Date: January 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand into new markets.
- Non-Equity Assistance
- Date: December 2014
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources.
- Series B
- Amount Raised: USD 25,000,000
- Date: June 2014
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Wise's product offerings and market presence.
Total Amount Raised: USD 1,775,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Silicon Valley Bank UK
- Details: Silicon Valley Bank UK is a leading financial institution that provides various banking services to technology and life sciences companies. They have been a key investor in Wise, participating in multiple funding rounds, including the Post-IPO Debt round.
- Investment Focus Areas: Technology, life sciences, innovation.
- Notable Investments: Wise, other high-growth technology companies.
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm that manages capital for institutional investors. They focus on a long-term investment strategy and have been involved in Wise's secondary market funding round.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Wise, SpaceX, Instacart.
- Lone Pine Capital
- Details: Lone Pine Capital is a hedge fund that invests in public and private equity markets globally. They have participated in multiple funding rounds for Wise, including secondary market rounds.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Wise, Amazon, Google.
- Lead Edge Capital
- Details: Lead Edge Capital is a growth equity firm that invests in technology-enabled businesses. They have been a key investor in Wise's secondary market funding round.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Wise, Alibaba, Spotify.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm that backs bold entrepreneurs building the future through technology. They led Wise's Series C funding round.
- Investment Focus Areas: Technology, software, fintech.
- Notable Investments: Wise, Facebook, Airbnb.
What's Next for Wise?
Wise stands at the cusp of significant growth opportunities, bolstered by a £300 million debt facility from Silicon Valley Bank. This funding will enable Wise to expand its services, making international payments faster and more efficient. The fintech industry is rapidly growing, and Wise's 50% increase in customer base underscores its potential to capture a larger market share.
Future fundraising opportunities seem promising as Wise continues to scale. The company's strong market position and public listing provide a solid foundation for attracting additional investments. However, challenges such as the ongoing investigation by the Financial Conduct Authority into Wise's CEO could pose reputational risks. Managing a larger customer base effectively will also be crucial to maintaining service quality.
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