Wise share price rose sharply on Tuesday after the British fintech giant published encouraging financial results and maintained its focus on executing a dual-listing. It rose by nearly 13%, reaching its highest level since November 25.
Wise business is doing well despite rising competition
Wise, formerly known as TransferWise, is a top British company that helps users to send money abroad. It also runs a platform that enables customers to have multi-currency bank accounts, making it popular among companies with international workers.
The financial results published today showed that its business continued doing well in the third quarter of 2026, even as it reduced its costs. It also continued adding thousands of companies during the quarter, with its business account users rising by 25% to 542,000.
Wise served over 11 million customers during the quarter, with its newly launched travel card in India having over 75,000 customers within a month. Additionally, Wise account deposits jumped by 34% to over £27.5 billion.
Wise’s underlying income rose by 21% to £424 million, a trend that the management expects will accelerate in the future. Additionally, the management expects to complete the dual-listing in the United States in the second half of this year. The CEO said:
“We expect to complete our dual listing in the first half of 2026, which will further increase our profile in the US as we remain focused on accelerating global growth and becoming the network for the world’s money.”
Wise expects to hit the profit-before-tax margin of between 13% and 16% this year. Additionally, the company is aiming to receive a national banking charter in the United States as it seeks to partner with over 4,000 banks in the country.
Still, the Wise share price remains much lower than last year’s high of 1,223p. This retreat happened because of the rising costs as the company continues hiring, with its US employees rising to over 700.
The company is also facing substantial competition from other fintech companies like Remitly, Revolut, TransferGo, OFX, and PayPal.
Most importantly, the biggest competition will likely come from the stablecoin industry, which is seeing strong growth. Stablecoins are widely known for their low costs, with most transactions costing cents to complete.
Wise share price technical analysis
Wise stock price chart | Source: TradingView
The daily timeframe chart shows that the Wise stock price has been in a strong downward trend in the past few months, moving from a high of 1,223p in June last year to a low of 794p.
The decline mirrored the performance of other fintech companies like PayPal, Block, and Fiserv.
Wise then bounced back and moved to a high of 943p, its highest level since November 13. It moved above the important resistance level at 904p, its highest swing in December last year.
The stock has moved above the 23.6% Fibonacci Retracement level at 898p and the 50-day Exponential Moving Average (EMA).
Therefore, the most likely scenario is where the stock continues to rise, with the next key target being at 1,011p, the 50% Fibonacci Retracement level.
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