Wise's Q4 FY23 Revenue Surges 45% YoY to £223.5M

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The global payment technology company Wise has released its financial results for the fourth quarter of the fiscal year 2023 (Q4 FY23), showing that its revenue enjoyed a yearly increase of 45% to £223.5 million. However, the figure declined slightly compared to that of the prior quarter.

The total income for Q4 FY23 came in at £279.5 million, jumping 83% year-over-year and 4% month-on-month, with net interest income at £56 million. And the transaction volume totaled £26.7 billion, rising 25% over the last same period but only 1% over the previous quarter.  

Besides, the company ended the quarter with 6.1 million active customers, up 33%. The customer money held by the platform surged 57% to £10.7 billion.

"Customers continue to choose the Wise Account to manage their finances around the world, with customers in the UK, EU, and the US now able to receive a refund on a portion of their fees or earn a return while retaining instant access to their money," said Kristo Käärmann, the CEO & Co-Founder of Wise.

In January, Fazzaco reported that Wise achieved a revenue of £225.2 million for Q3 FY23​, up 50% YoY and 6% QoQ.