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Wealthsimple has expanded its services by partnering with Wise to offer low-fee international payments through its app and website. This integration allows customers to send money to 30 countries in over 10 currencies directly from their accounts. The company continues to grow, recently surpassing $100 billion in assets under administration.
European fintech companies like Revolut and Wise are moving towards US listings, indicating a shift in market preference. Revolut's CEO criticized the London Stock Exchange, calling it "not rational" for their plans. Starling Bank is also considering a US IPO.
UniCredit has partnered with Wise to enable its Italian customers to conduct euro-to-foreign currency transfers through the bank's mobile app, starting July 21. This collaboration aims to enhance the speed and transparency of international payments, aligning with UniCredit's recent initiative to modernize its technology in partnership with Google Cloud.