ApideckTape
← Embedded Finance Index 2026/Vendor

Wise

Provider
PSPFX / Payouts

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 22 companies across 2 categories.

wise.com ↗Also analysed as a company — its own stack →
CategoriesPSP, FX / Payouts
Rank#10 of 186 in FX / Payouts
Buyers22 companies
HeadquartersLondon, England, United Kingdom
Founded2011
FoundersKristo Käärmann, Taavet Hinrikus
TickerLON:WISE
Market cap~$11B
IPO2021
Pre-IPO raised$396M
RegulatoryDenied · National trust bank

Claim this profile. Work at Wise? Verify your work email to unlock the full buyer list.

Founders & story · from Wise’s own dossier

Founded in 2011 as TransferWise, a peer-to-peer money transfer startup exploiting the spread between interbank FX rates. Expanded into a full multi-currency account (IBANs, debit cards, business accounts) and rebranded to Wise in 2021 at its London Stock Exchange direct listing. Launched Wise Platform to monetise its global payment rails as B2B infrastructure for banks and enterprises — evolving from a consumer remittance app into a two-sided business: a consumer/SMB neobank and an embedded payments network.

Latest round: Post-IPO Debt
Recent developments
  • 2026-07Denied · Corporate Decision 1381 (denial) · 2026-07-21 — Wise National Trust, national trust bank, OCC. Trust charter that would have given Wise direct access to US payment rails without a sponsor bank. The OCC denied the application after its field investigation; the letter says a subsequent application would need to address the reasons for the denial. [charter] source ↗
  • 2025-10Updated US Customer Terms for Acquiring Payment Services (version 1.3), formalising Wise's payment facilitator and acquirer role for US merchants. source ↗
  • 2026-02Updated Business Customer Privacy Notice to version 2.0, reflecting expanded global product footprint. source ↗
  • 2026-02Updated New Zealand Acquiring Payments Services Terms (version 2.0), confirming WPNZ as a payment facilitator with a third-party merchant acquirer. source ↗
Full dossier: Wise’s own stack, layer by layer →
Charter application · Denied
Wise National Trust · National trust bank · OCC · Austin, TX · filed 2025-06-16.
Denied · Corporate Decision 1381 (denial) · 2026-07-21
Trust charter that would have given Wise direct access to US payment rails without a sponsor bank. The OCC denied the application after its field investigation; the letter says a subsequent application would need to address the reasons for the denial.
OCC letter ↗
The Wise family
79 companies use the Wise family
Unique buyers across 2 brands Wise owns, deduped (a company using more than one is counted once). The per-brand rows below don’t add up to this total for that reason.
Wise Platform60
native product
WisePARENT22
Who uses Wise
22 companies disclose Wise in their stack
MoonriseIsabel GroupWebexpensesMercuryMontaMelioGCashParkerMorgan StanleyEtsyUniCreditM-Pesa+10 more
Buyer mix · 22 of 22 classified
Fintech / SMB banking · 4Bank / National · 2Fintech / Neobank · 2Infrastructure / BaaS · 2Marketplace / Two-sided · 2E-commerce / Platform · 1Fintech / Cross-border banking (immigrant neobank) · 1Fintech / Cross-border payments · 1
US · 10EU · 5APAC · 3UK · 1Africa · 1LATAM · 1
What the disclosures say
Isabel Group
“Partnerbase records a technology partnership between Isabel Group and Wise, first observed 2026-02-27.”
Webexpenses
“Webexpenses is an expense management SaaS; employee reimbursements flow via Wise Platform (classified under fx_payouts) and card transactions via Adyen (classified under banking_accounts).”
Monta
“Monta's Financial Operations page states: 'Six payment methods, three PSP partners (Stripe, Adyen, Wise), and local payment for Denmark, Norway, and Switzerland.' Privacy policy also confirms Stripe as third-party credit card processor.”
Melio
“Homepage footnote: 'International payments services provided by Wise US Inc.' International payments page lists supported corridors and currencies.”
Parker
“Parker's own help center article (help.getparker.com) instructs users to sign up for 'TransferWise aka Wise' to send international wires in foreign currencies.”
Morgan Stanley
“BusinessWire press release (2024-12-17): 'Morgan Stanley Selects Wise Platform to Enhance Payments Capabilities for Corporate Clients' — confirmed by Wise blog (wise.com/gb/blog/wise-morgan-stanley) and Bloomberg coverage.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Wise? Claim this profile above to unlock your own full list.
Unlock the buyer map

See where Wise’s disclosed buyers are headquartered. Represent Wise? Claim this profile above instead — it unlocks your own map immediately.

No newsletter, no sharing your address.

What Wise runs on · from its own dossier
The third-party providers Wise itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Wise.
PSP
Checkout.comAdyen
Sponsor Bank
CFSBLead Bank
Full dossier with evidence for each layer →
Alternatives to Wise

Other FX / Payouts providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Currencycloud82 buyers →Airwallex81 buyers →Nium69 buyers →Wise Platform60 buyers →Stripe49 buyers →Convera33 buyers →Visa Direct24 buyers →Adyen23 buyers →
Share this rank

An embeddable badge for Wise’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #10 of 186 in FX / Payouts — Embedded Finance Index 2026
Copy-paste snippet
<a href="https://www.embeddedfinanceindex.com/vendors/wise?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/wise.svg"
       alt="Ranked #10 of 186 in FX / Payouts — Embedded Finance Index 2026">
</a>
<img src="https://www.embeddedfinanceindex.com/api/badge/wise/install" width="1" height="1" alt="" style="display:none">

Wise — frequently asked

Which companies use Wise?

22 companies disclose Wise in their stack in the Embedded Finance Index 2026, including Moonrise, Isabel Group, Webexpenses, Mercury, Monta, Melio, GCash, Parker, Morgan Stanley, Etsy and 2 others.

What does Wise do?

Wise is an embedded-finance provider in PSP and FX / Payouts. It ranks #10 of 186 FX / Payouts providers by disclosed buyers.

Is Wise a bank?

Wise has applied for a national trust bank charter for Wise National Trust with the OCC. Status: denied (2026-07-21).

Is Wise publicly traded?

Yes. Wise trades as LON:WISE, listed since 2021.

What are the alternatives to Wise?

The most-disclosed FX / Payouts alternatives to Wise are Currencycloud (82 buyers), Airwallex (81 buyers), Nium (69 buyers), Wise Platform (60 buyers), Stripe (49 buyers) and Convera (33 buyers).

Who founded Wise?

Wise was founded by Kristo Käärmann and Taavet Hinrikus and is founded in 2011, headquartered in London, England, United Kingdom.

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Wise and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to Wise and the other buyers it serves.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.