Wise has stated that its full-year net revenue growth is expected to be in the upper half of its 15% to 20% medium-term guidance range, as its net revenue increased by 23% year-on-year to $1.45bn in the six months to 30 September.

The payments and fintech company reported that in this period, its number of active customers rose by 21% to 16.2 million, while its cross-border volume increased by 24% to $141bn.

Furthermore, its customer holdings jumped by 28% to $43.5bn.

The update comes as Wise successfully dual-listed in May across Nasdaq and London Stock Exchange, and also expanded its global infrastructure with the addition of its ninth direct integration in Malaysia.

Co-founder and CEO at Wise, Kristo Käärmann, stated: “More than 16 million people and businesses used Wise in the past six months. These customers moved $141bn across borders, up 24% year on year. Customers also used Wise for more, spending $27bn on Wise cards and increasing holdings by 28% to $44bn, including $11bn held in Wise Assets.

“We expanded the infrastructure behind this growth. We added our ninth direct connection in Malaysia, reducing our reliance on intermediaries and helping us move money faster and at lower cost. 78% of transfers are now instant, while customers paid an average fee of only 50 bps to move money around the world in the period.”

In its outlook, Wise said it expects its revenue growth to be in the upper half of its 15% to 20% guidance range, while its income before tax margin is set to be around the top of its 20% to 25% range.

The fintech firm added that in 2026, it commenced a new share repurchase program, expected to be over $500m, of which 40% is expected to be allocated to its recurring share purchase programme.

To date, it has purchased almost 50% of the expected total amount.

Following the update, shares in Wise increased by 6%.

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