How Wise Plans to Slash $200 Fees to $10

What we’ll cover today:

🚀 The Secret Behind Wise’s Rapid Growth

💪 Turn Your Struggle Into Strength - Stephany Kirkpatrick

💻 Fintech is Way More Complex Than Any Software Business

🔗 The Event Roundup.

The Secret Behind Wise’s Rapid Growth.

What if sending $10,000 abroad costs just $10?

That’s not just a dream—Wise is building the infrastructure to make it a reality. 

Over the past six months, the fintech has shaken up the payments world with impressive growth and bold moves.

Here’s what they’ve achieved:

• Customer growth: 11.4 million active users, a 25% jump year-on-year.

• Speed breakthroughs: 63% of transfers are now completed in under 20 seconds.

• Global expansion: Direct integrations launched in Brazil, Japan, and the Philippines.

• Lower fees: Transfer costs dropped to an average of 62 basis points.

• Strategic wins: Regulatory approvals in India and Australia, plus partnerships with Nubank and Standard Chartered.

With £18.5 billion in customer funds and a market opportunity of £27 trillion, Wise is poised to move from billions to trillions.

As Co-founder Kristo Käärmann puts it, “This is just the beginning.” Stay tuned as Wise continues to reshape global payments.

Here’s the whole article.

1. Turn Your Struggle Into Strength. - Stephany Kirkpatrick.

   

   Sources: Orum.io

This is a clip from Fintech Confidential.  

In this episode of FinTech Confidential, Stephany Kirkpatrick, CEO of Orum, discusses how she grew up experiencing firsthand the challenges of financial insecurity. 

By combining her background with technology, she scaled these solutions to empower millions through her work at Orum.

Here’s The Clip

2. Fintech is Way More Complex Than Any Software Business.

   

   Source: @sytaylor (Twitter)

This is a clip from Simon Taylor’s Twitter page.

In this, Mercury's CEO Immad says, “Fintech is way more complex than any software business.”

That's what makes it a hard problem to work on. Mercury's moat is their UX, and most customer acquisition is still word of mouth.

Here’s The Clip

1. Financial crime and conduct: Q3 enforcement highlights from Corlytics.

Corlytics has released its regulatory enforcement data for Q3, showcasing a surge in regulatory actions, record fines, and a stronger emphasis on senior staff conduct.

Regulators across multiple jurisdictions have made headlines by imposing historic penalties, breaking new ground in enforcement practices, and intensifying focus on compliance failures.

2. JUST raises €8M Commerce 3.0 retail checkout experience.

JUST's plug-and-play checkout solution combines the checkout process with marketing triggers, enabling merchants to increase their revenue by an average of 10 to 15 per cent. 

Retailtech startup JUST has raised €8 million in a Seed funding round, bringing the company's funding to over €11 million.

3. NatWest Group partners with NCR Atleos to transform self-service banking

NatWest Group, one of the UK’s largest banking institutions with over 19 million customers, is taking a significant step forward in modernising its self-service banking capabilities.

The group, which includes renowned brands like NatWest Bank, Royal Bank of Scotland, and Ulster Bank, has announced an expanded partnership with NCR Atleos, a global leader in self-service financial access solutions.