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Havish Gupta
Figuring Out • 7m
Wise, the Simplest Way to Make International Payments! Founded in London by Taavet, one of the first employees of Skype, and Kristo, a Deloitte consultant, Wise is the simplest and cheapest way to make international payments. Imagine you want to transfer 2 Lakh INR to your relative in the USA. Without Wise, it's a very complex, time-consuming task, and the method can be very costly (with up to 5% fees). But with Wise: 1) Create a an account 2) Select the receiving currency, country, and amount 3) The final fees are displayed instantly (~<2%) 4) Make the payment through your bank account 5) The money will be credited within 1-3 business days! They are so transparent about pricing that they have included the "fee calculator" at the top of their website. If you open their multi-currency account, you can make transfers almost instantly! Their transparent pricing and easy-to-use app are the reasons why they are the number one choice for international payments. Today, they process transfers of over $35 billion every quarter and are an $11 billion listed company!
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