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What is Wise?

Wise, previously known as TransferWise, is a revolutionary financial technology company that specializes in simplifying international money transfers and the management of multi-currency accounts.

With its robust platform, Wise enables both individuals and businesses to send, spend, and receive money internationally at the actual exchange rate, thus avoiding the high fees typically charged by traditional banks. Its user-friendly interface and mobile app provide convenient features like batch payments, direct debits, and the capability to hold and convert between 50+ currencies, making it the top choice for anyone involved in global transactions.

Wise is particularly useful for freelancers, expats, and businesses that operate internationally, as it provides the flexibility to manage finances in multiple currencies without incurring excessive fees.

The software uses a simple, low-cost fee structure that is displayed upfront, ensuring transparency and cost-effectiveness. Its peer-to-peer technology often allows for faster transfer speeds than traditional banks, making it an efficient tool for international money management and transactions.

Wise’s innovative approach to global finance is transforming the way people and companies access and move their money across borders.

Best for
StartUpsFreelancersSmall BusinessMedium BusinessLarge EnterprisePersonal

Pricing

Starting at Custom · Pay-as-you-go · Free tier available

Features

10 features that make Wise stand out.

  • Customer notifications
  • Payment processing
  • Reporting and analytics
  • Sales reporting
  • Activity Dashboard
  • Alerts/Notifications
  • Data Import/Export
  • Data Security
  • Electronic Payments
  • Status Tracking

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Frequently asked questions

Is Wise free to use?
Yes, Wise offers a free version with core features. You can upgrade to a paid plan when you need more capacity or advanced functionality.
How much does Wise cost?
Wise uses custom pricing tailored to each organisation. Contact their sales team for a quote based on your team size, modules and contract length.
What does Wise integrate with?
Wise ships with an open API for custom integrations. The vendor also publishes connectors for common business systems on request.
Who is Wise best suited for?
Wise is built for teams who need to standardise the workflow it covers — typically growing companies who have outgrown spreadsheets but don't yet need enterprise-grade procurement suites. The exact fit depends on company size, deal volume and compliance requirements.
How long does it take to onboard Wise?
Most teams are live on Wise within 2–6 weeks. Simpler implementations (small teams, default workflows) can be done in days; large enterprise rollouts with custom approval chains and ERP integration take longer.

What users say about Wise

1 review · average 5.0 / 5

Real-world feedback aggregated from public review sites.

  • Maria StanMar 28, 2025
    5.0
    What they liked

    The application is easy to use and the transfers work fast. I have been using it for 3 years . For both personal and business . The business app is fairly similar to the personal one . Easy to use.

    Room for improvement

    Their customer support is horrible . I am trying for a month to get my business account unblocked and is basically impossible to get a hold of them. I sent them the documents they required they just simply do not reply to their emails . I have been spending hours with them on the phone without any success. I do not recommend them . I was expecting a more professional service for their business clients . I do not recommend them . Avoid them .

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