Wise, formerly TransferWise, has rebranded and expanded its office in Singapore.
For personal customers, Wise enables money to be sent and spent internationally. The money can be held in 55 currencies, and customers receive real account numbers in nine currencies. Customers now hold over S$5 billion in Wise, with 1.4 million debit cards issued.
“Today our name catches up with who we’re already building for - a community of people and businesses with multicurrency lives," said Kristo Käärmann, CEO and co-founder, Wise said, promising that the core experience of using Wise will "remain faster, cheaper, and more convenient than anything else".
"Our mission remains the same. We’re still making — and always will be making — money work without borders.”
Asia Pacific is the company’s fastest growing region. Wise said its larger office would allow the company to better serve regional consumers and drive growth in new markets. The final switchover to the Wise brand will take place in March 2021.
