A decade in, we’ve grown into Wise; and are ready for the next phase of growth.
When Taavet and I started out 10 years ago, we wanted to build money without borders, and make moving money faster, easier and cheaper for everyone, without any of the hidden fees that collectively have been costing us billions. We started with money transfers.
We’ve made a lot of progress since then. We’ve created new ways for people and businesses to not just send money, but also to spend and receive it 一 all at the real exchange rate. Along the way we’ve built a global cross border payments network, which is replacing international banking for 10 million people and businesses globally.
Wise is building the world’s most international account, allowing our customers to send, spend and hold money in over 50 currencies, with real bank details and a debit card. Wise Business brings these same benefits to businesses, along with tools that make starting and scaling internationally a lot faster, easier and cheaper, while Wise Platform gives banks and other larger institutions the ability to offer the same Wise experience to their own customers.
As we look into the next decade (and beyond!), our journey is still just beginning. Over the next few years, we’ll be expanding our product around the world, continuing to innovate to lower the cost of cross-border transactions, and building more ways to help our customers solve their cross-border money needs.
So today, I’m thrilled to introduce our two new director designates to help us in this next chapter.
Tan Hooi Ling - Grab co-founder
Clare Gilmartin - former Trainline CEO
In their own words:
"With its mission to make money borderless, Wise is striving to build a new global standard for the financial industry, and leveling the playing field for more people and businesses around the world. This is an ambition I share and one that’s particularly close to my heart as someone who lives and works in Southeast Asia where many are financially underserved. I’m excited to join the Wise Board and join them on their journey.” - Tan Hooi Ling
“Wise is a trailblazer 一 using technology to fundamentally reimagine how we manage our finances in an internet-driven, international world. I’m delighted to have this opportunity to come aboard and contribute to their mission to build a better global standard for the financial industry.” - Clare Gilmartin
Clare and Hooi Ling will bring a wealth of experience that will help us deliver on our mission as we continue to expand globally. I’m also excited about the diverse perspectives they’ll be bringing to the Board, to help us create a more inclusive work environment as well as more diverse and inclusive products.
This is not the first time we’ve expanded our board. In 2019, Ingo Uytdehaage, CFO at Adyen and David Wells, former Netflix CFO, joined my co-founder, Taavet, investors Alex Rampell from Andreessen Horowitz and Roger Ehrenberg from IA Ventures and me to help us accelerate our mission.
Please join me in welcoming Hooi Ling and Clare!
Re-disseminated by The Asian Banker