# Wise Business **Type:** [[Business Account]] · [[Issuing]] · FX / International Payments **Archetype:** [[eu-sme-fintech-market-map|Issuing-led]] **HQ:** London, UK · EU entity: Wise Europe SA (Brussels, Belgium) — NBB-licensed **Founded:** 2011 (as TransferWise) **Listed:** London Stock Exchange (WISE) **Scale:** 12M+ personal + business customers globally **Target:** Businesses with significant FX exposure, cross-border teams, international suppliers/customers --- Wise Business is built around one core proposition: moving money internationally at the real (mid-market) exchange rate, without the hidden FX margins that banks and most fintechs charge. For businesses that pay international suppliers, receive revenue in foreign currencies, or manage cross-border teams, the FX cost saving vs. a traditional bank is Wise's primary value. **Core products:** - Multi-currency account — hold 40+ currencies; receive in 9 currencies with local account details (USD, GBP, EUR, AUD, CAD, SGD, NZD, HUF, RON) - Wise Business Debit Card — spend from any held currency at the real FX rate - Batch payments — pay multiple suppliers/employees in one file upload - Wise API — automate FX payments and transfers - Wise Platform — embed Wise's FX/transfer rails into third-party products (B2B) **Key differentiator:** Mid-market FX rate with transparent fees — no hidden spread. For a business paying €100k/year to non-EU suppliers, the saving vs. a bank charging 2–3% FX margin is €2,000–3,000/year. **Gaps:** Not a full finance OS. No invoicing, no expense management, no POS, no credit, no accounting integrations beyond basic exports. **Connected:** [[Issuing]] · [[eu-sme-fintech-market-map]] · [[SWIFT]] · [[SEPA Credit Transfer]] · [[Airwallex]] · [[Revolut Business]] · [[PSD2]] *FintechGraphs · [[about|Who we are]]*