Wise wants to drive the cost of remittances and cross-border transactions to zero, granting a strong pricing advantage vs. competitors plus, a strong barrier to entry. But how can Wise do so, profitably, when most of its peers can not?
Here lies the hidden value of its infrastructure, beyond software, which is the result of past spendings for licences, regulatory approvals and…more crucially, time.
We put a price on this infrastructure which we consider as goodwill in our NAV.
05 Dec 2022
Wise's infrastructure has immense hidden value
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Wise's infrastructure has immense hidden value
Wise PLC Class A (WISE:LON) | 811 8.1 0.1% | Mkt Cap: 11,549m
- Published:
05 Dec 2022 -
Author:
Grégoire Hermann -
Pages:
5
Wise wants to drive the cost of remittances and cross-border transactions to zero, granting a strong pricing advantage vs. competitors plus, a strong barrier to entry. But how can Wise do so, profitably, when most of its peers can not?
Here lies the hidden value of its infrastructure, beyond software, which is the result of past spendings for licences, regulatory approvals and…more crucially, time.
We put a price on this infrastructure which we consider as goodwill in our NAV.