Wise’s Q1 23 trading update was strong as the firm recorded even more active customers. While flat qoq, the price charged for remittances keeps on decreasing on a yoy basis, creating a natural barrier to entry and feeding customer growth leaving the outdated and expensive bank solutions.
A few additional similar releases could firmly lift the fears over the resilience of growth and restore serious momentum to the share price. We confirm our opinion that Wise will be able to deliver.
19 Jul 2022
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Wise PLC Class A (WISE:LON) | 801 -4 (-0.1%) | Mkt Cap: 11,407m
- Published:
19 Jul 2022 -
Author:
Grégoire Hermann -
Pages:
3
Wise’s Q1 23 trading update was strong as the firm recorded even more active customers. While flat qoq, the price charged for remittances keeps on decreasing on a yoy basis, creating a natural barrier to entry and feeding customer growth leaving the outdated and expensive bank solutions.
A few additional similar releases could firmly lift the fears over the resilience of growth and restore serious momentum to the share price. We confirm our opinion that Wise will be able to deliver.