Wise Is Moving One Step Closer to Wall Street

Wise Is Moving One Step Closer to Wall Street
Wise Is Moving One Step Closer to Wall Street

Hey FinTech Fanatic!

Wise said it’s on track to get its primary listing shifted from London to Nasdaq on May 11, as the money transfer company’s fourth-quarter earnings figure beat analyst expectations.

Wise will not disappear from the UK market; it keeps a secondary listing on the LSE, so existing UK shareholders can still trade the shares there, but the company’s main regulatory and reporting “home” will become the US.

The UK-based FinTech reported a 24% year‑on‑year jump in underlying income and 27% growth in cross‑border volumes to £49.4 billion in Q4. 

For the full year 2026, Wise posted around £1.6 billion in underlying income, underpinned by nearly 18.9 million active customers.

On top of that, Wise has also applied for a national trust bank charter in the US, signaling a deeper push into the American market beyond just cross‑border payments and FX.

The rest of today’s FinTech news is just a scroll away. Let’s dive in! 👇

Cheers,

Marcel


INSIGHTS

🌍 Europe’s top 10 FinTechs are worth over $200 BILLION 🤯

And most of that comes from one country👇

European Largest FinTech Companies

FINTECH NEWS

🇧🇷 Getnet, a FinTech company from Santander, outlines plans for growth in 2026. The proposal is called Pay-In, a "cross-border" solution that allows foreign companies to market products and services in Brazil without needing to establish a local operation. 

🇺🇸 Wise is on track for a Nasdaq listing in May as income jumps 24%. The US listing, expected on May 11, “will further increase” the payments firm’s profile in the US, Kristo Käärmann, Chief Executive Officer and Co-Founder, said in a statement. The company is looking to partner with more than 4,000 banks across the country.

🇺🇸 Robinhood excludes some prediction markets over manipulation fears. Robinhood is taking a cautious approach to prediction markets, choosing to exclude certain event contracts over concerns around market manipulation and insider trading, as it expands into the fast-growing sector.

🇬🇧 ClearScore launches new technical standard for agentic credit broking. Co-founder and CEO Justin Basini explains that the protocol will allow secure, compliant, and seamless agent-to-agent interaction, leveraging data and deep integrations with lenders to ensure that a user can execute the whole credit journey through their chosen agent.

🇺🇸 Galileo enables SoFi to send and receive FedNow® Service Payments. The new capability lets SoFi members move money in seconds between their SoFi accounts and their accounts at other U.S. banks, at any time of day, including weekends and holidays.


PODCAST RECOMMENDATION

🎤 Why Your "Secure" Account is a Fraudster’s Playground (Live at the Incognia Booth!). In this special episode at MRC 2026 in Las Vegas, Jordan speaks with André Ferraz, CEO of Incognia, and Steven Coats from Ticketmaster about the evolution of account takeover (ATO) attacks. The conversation highlights how fraud has shifted toward high-value accounts, why traditional 2FA methods are increasingly vulnerable, and how location-based identity and “smart friction” can dramatically reduce fraud while maintaining a seamless user experience.

Why Your "Secure" Account is a Fraudster’s Playground


PAYMENTS NEWS

🇵🇭 PhotonPay Global Accounts now support Philippine Peso (PHP) local collections. This update is designed to optimize your global payments and elevate your operational efficiency in Southeast Asia. Keep reading

🇷🇴 Mollie launches in Romania to power local businesses with frictionless payments. The launch brings a modern and easy-to-use payment platform to one of Europe's most dynamic economies, challenging legacy systems and empowering Romanian businesses to compete and scale effortlessly.

🇨🇴 Bre-B, the "Colombian Pix," surpasses 600 million transactions in six months. The average value per transaction was 157,193 Colombian pesos, equivalent to R$200, and the accumulated financial volume was 100.3 trillion pesos, almost R$138 billion.

🌍 Wero’s Dutch test will show whether European payments sovereignty can outweigh local success. The European Payments Initiative wants to build a continent-wide account-to-account payment champion, reduce reliance on US card networks, and give Europe a homegrown alternative with genuine scale.

🇮🇩 Paytm expands globally with Indonesia subsidiary incorporation. The move was executed on April 10, 2026, through its subsidiaries Paytm Cloud Technologies Limited and Paytm Singapore Pte. Ltd., signaling a structured international expansion strategy.

🇬🇧 Gocardless axes 90 jobs as UK FinTech targets profitability. This led to employee expenses and restructuring costs increasing by £7.1m and £5.6m respectively. Much of the increase in employee expenses was attributed to the firm’s acquisition of Nuapay.


DIGITAL BANKING NEWS

🌎 Nubank partners with WTorre and acquires naming rights to the arena that has become Latin America’s leading venue for matches and concerts. Nubank will turn the definition of the new identity into a co‑creation process: the choice of the arena’s new name will be made by popular vote.

🇧🇷 Nubank wants a friendly match with Messi in Brazil between Palmeiras and Inter Miami. The proposal aims to combine the engagement potential of the Brazilian club with the global visibility of Lionel Messi in an event held on national soil. Read more

🇪🇸 Revolut aspires to much more than being a travel card: We're going to become the Apple of banking. The neobank aims to exceed 10 million customers in Spain by 2028. In a few years, it will launch its mortgages and open a private banking division. Additionally, the Revolut app is now available in Türkiye. Revolut plans to offer its services through its main platform. It is expected that global standards will be directly transferred to the Turkish market.

🇬🇧 Revolut deploys PRAGMA foundation model for finance. The model is pre-trained with a masked modelling, self-supervised objective designed for the discrete, variable-length nature of transaction and event logs, and is reported to be trained on a large corpus of roughly 40 billion behavioral events. Revolut users set to miss out on Harris’s new investment accounts. Revolut said it would need to set up an Irish branch to offer the accounts if platforms were required to administer the tax.

🇧🇷 Mercado Pago has launched “Conta Negócio” in Brazil, entering the business account space with a comprehensive solution for SMEs. The offering combines payments, credit, and business management tools, tightly integrated with the Mercado Libre ecosystem to drive loyalty and streamline operations.

🇨🇭 Yuh overtakes almost all. Neobanks in Switzerland are growing quickly, surpassing 1 million users, with Yuh leading local growth and Revolut remaining the largest overall. Continue reading


BLOCKCHAIN/CRYPTO NEWS

🇺🇸 Winklevoss Twins’ $330 million Gemini loans in focus after rout. Gemini Space Station has lost more than half its market value this year and cut 30% of its workforce as the crypto exchange struggles financially. Read more

🇺🇸 Crypto giant Kraken's Fed payment account sparks concerns about risks. Crypto giant Kraken's landmark Federal Reserve master account comes with restrictions aimed at mitigating risks, but it, and others likely to follow in its wake, could still create vulnerabilities for the U.S. financial system.

🇦🇪 Binance offers UAE staff temporary relocation as Middle East conflict disrupts region. Binance has offered its roughly 1,000 United Arab Emirates-based employees the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur, or Bangkok amid ongoing regional tensions.


PARTNERSHIPS 

🇩🇰 New Loop partners with Mastercard to enable seamless payments for a reusable takeaway packaging return system. Through this partnership with New Loop and the municipalities of Copenhagen and Frederiksberg, Mastercard is helping accelerate the shift from disposable to reusable packaging by simplifying how consumers receive their deposits.

🇵🇭 Mastercard and FinVolution Group launch Luvit Card to expand access to digital credit. The card is integrated within the Luvit app, enabling a streamlined application and payment experience for users who may not have access to traditional credit products.

🇦🇪 DWTC Free Zone partners with Wio Bank to provide digital banking solutions for businesses. The partnership will simplify access to banking services for businesses establishing or operating within the free zone, further strengthening the ecosystem supporting entrepreneurs, start-ups, and established companies.

🌎 Movantis joins Circle Payments Network to expand real-time global value movement across Latin America and beyond. By connecting to CPN, Movantis strengthens its multi-rail infrastructure by incorporating stablecoin-based settlements, enabling enterprises to move value across borders with improved speed, transparency, and reliability.


DONEDEAL FUNDING NEWS

🇦🇷 Argentine FinTech Depay raises over US$4M. The funds will be used to expand the payment network in Latin America, connect new instant payment systems in Asia, and advance its entry into Africa and Europe. They will also allow the company to strengthen its technological infrastructure and regulatory capabilities, and add key personnel to the team.

🇬🇧 Round raises $6M to build AI that actually runs finance operations. The funding will be used to accelerate product development, expand engineering and go-to-market teams, deepen integrations across banks and financial systems, and scale the platform’s infrastructure.

🇮🇳 AI FinTech startup Finesse gets sold for $1.5 million. The exit transaction includes cash and also has a stock component, providing liquidity to early investors, founder and CEO Rohit Rao said. Read more

🇨🇦 Common Wealth raises $12 Million Series A. The new financing will help Common Wealth accelerate growth by expanding its reach to more small and mid-sized employers, improving retirement outcomes for Canadians, and enhancing both digital and human financial planning services.


M&A

🇪🇸 Unicaja confirms interest in WiZink. Unicaja is conducting preliminary analyses of WiZink to evaluate a potential investment, as part of its strategy to expand in the consumer finance segment. No decision has been made yet, with the process still in an early stage.


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