British fintech firm Wise posts 55% jump in profit on expanding market share

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British digital payments firm Wise said that its first-half profit totalled £217.3 million ($279.8 million) in the first-half period, up 55% year-over-year.

British digital payments firm Wise said that its first-half profit totalled £217.3 million in the first-half period, up 55% from £140.6 million in the same period a year ago.posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share.The British digital payments firm said that its first-half profit totalled £217.3 million, up from £140.6 million in the same period a year ago.

Back in June, Wise said it was expecting underlying year-over-year income growth of 15-20% for its fiscal 2025, much lower than the 31% growth clip it achieved in the 12 months ending in March 2024.Last month, Wise reported a 17% increase in underlying income for the second quarter of 2024.

 

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