Wise Business

Name: Wise Business
Brand: Wise Business
Rating: 3.5 (25700 reviews)

Grow without borders: Pay and receive worldwide with your Wise Business account

Wise Business (formerly TransferWise) is a leading global fintech platform specifically designed for small and medium-sized enterprises (SMEs), freelancers, and internationally active businesses.

BenchTrust Score:69/100

Independent B2B performance index (0–100 points). It is calculated mathematically and without subjective influence from four verified pillars: company stability, aggregated feedback from publicly available online sources, documented compliance certifications, and operational transparency.

Overview

Wise Business (formerly TransferWise) is a leading global fintech platform specifically designed for small and medium-sized enterprises (SMEs), freelancers, and internationally active businesses. Founded in 2011 and headquartered in London, England, the company now employs around 6,000 people and is listed on the London Stock Exchange (LSE). The platform offers a powerful international business account that allows companies to hold, manage, and send payments in over 40 currencies. A key advantage of Wise Business is the provision of local bank details for major global currencies (such as EUR, USD, GBP, AUD), enabling businesses to receive payments from customers worldwide fee-free, just like a local market participant. Furthermore, the range of services includes useful tools to optimize daily financial management. These include creating invoices and payment links, generating QR codes for fast transactions, and setting up direct debits. Thanks to its transparent fee model, which always uses the real mid-market exchange rate, Wise Business offers a cost-effective alternative to traditional banks for global trade.

Core features

International transfersCore

Making payments

Receiving payments

Paying in different currencies

Earning interest on balances

Holding and managing multiple currencies

Own bank details in multiple currencies

Sending and receiving payments in multiple currencies

Setting up direct debits

Invoice creation tool

Creating payment links

QR codes for payments

Compliance & security

No verified certifications (such as ISO 27001 or SOC 2) are currently listed for this provider. Information about compliance with standards such as GoBD or GDPR may still be available.

Ask the AI assistant on this page for current compliance and security details. It researches live information from publicly available sources.

Contact the provider

wise.com/business

Supported languages

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💬 Customer feedback summary

80% mention this

International transfers & multi-currency account

75% mention this

Transparent & low fees

60% mention this

User-friendliness & ease of use

55% mention this

Transaction speed

Summary of customer feedback

Customer reviews for Wise Business are highly positive overall: frequently highlighted are the excellent options for international payments, the multi-currency account, and the transparent, low fees, supported by ease of use and fast transactions. Key strengths are considered to be the international reach, multi-currency functionality, and the fair pricing model with no ongoing basic fees, while weaknesses lie primarily in missing banking features (e.g., no cash deposits/withdrawals, no loans) and occasionally criticized support experiences. Wise Business is particularly suitable for digitally savvy businesses, freelancers, and e-commerce merchants with international customers or suppliers who want to manage cross-border transactions and different currencies cost-effectively and easily.

AI-generated summary

📰 News & community feedback

🚀 Product updates & press releases

Wise Business has further expanded its platform through targeted feature releases and strategic partnerships to support cross-border SMEs even more efficiently. In addition to expanding local account connections for global trade, improved control features for team spending and direct links with leading accounting platforms were introduced. These updates aim to simplify international payment transactions, reduce administrative effort, and enable companies to seamlessly manage liquidity in multiple currencies.

•Expansion of Product Features: Introduction of flexible limits and precise permission structures for Wise employee cards for optimized expense control.
•Strategic Partnerships: Direct and automated synchronization of transaction data with leading accounting software such as Xero and QuickBooks.
•Global Expansion and Compliance: Provision of additional local receiving account details to facilitate cross-border B2B transactions without unnecessary conversion fees.
•Focus on Target Groups: Targeted alignment of new treasury and payment features with the operational needs of growing, internationally active SMEs.

Source: Publicly available product updates or press releases from Wise Business.

📰 Social media feedback about the product

No social media mentions or specific data for Wise Business were provided for the analysis. Since there is no data basis, no statements can be made about specific topics, praise, or criticisms. Accordingly, all content evaluations must remain open.

•No data basis available: Since no concrete posts or mentions were provided, a content analysis is not possible.
•Avoiding speculation: In the absence of source data, no fictional features, issues, regions, or target groups are invented.

Source: Publicly available social media posts (X/Twitter, LinkedIn, Reddit) from the last 12 months. The opinions shown come from users and do not represent BenchTrust's assessment.

🎬Videos & screenshots

See Wise Business in action

✓ Official

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