Wise Announces the Partnership with Fruugo

The London-based innovative international money transfer provider Wise has announced the partnership with Fruugo, one of the leading marketplaces and specialists in generating cross-border e-commerce sales for retailers.

Via the partnership, Fruugo merchants can use Wise Business account details to receive earnings as local withrdrawals in 10 currencies, including US, Australian, Singapore dollars, Euro, British pounds and more.

A key part of Fruugo’s platform is to provide the most inexpensive and efficient way for retailers to remit funds in their own currency. This latest partnership with Wise will enable Fruugo to continue to provide a seamless and inexpensive solution and enable retailers to sell more, worldwide.

“As a trusted and growing platform for e-commerce, it is extremely important for us to continue to provide the best and most cost-efficient solution for our retailers to take their products global,”Tony Preedy, Managing Director at Fruugo said.

“We believe that international selling should be as simple as selling to customers in your own country. With Fruugo, any retailer can reach a global audience and we’re delighted to partner with Wise and offer use of its platform to the ever-growing retailer base we have here,”Preedy added.

Last month, Wise has published its financial results for the second quarter of fiscal year 2022, disclosing that its revenue came in at £132.8 million, up YoY 25% and QoQ 8%.