Former Nice CEO Barak Eilam to chair UK fintech co

Wise Group (WSE) shares rose 8.33% to $11.84 after reporting first-half fiscal 2027 results. Revenue grew 23% to $1.45 billion, with active customers and cross-border volume also increasing. The company expects fiscal 2027 net revenue growth in the upper half of its 15% to 20% range and an income before tax margin around the top of its 20% to 25% range. Wise's buyback of over $500 million is nearly half complete.

Wise Group plc (WSE) furnished an SEC Form 6-K — earnings release. Wise Group plc H1 Results for Fiscal Year 2027 Another quarter of strong growth, with increased earnings diversification and robust profitability, as we continue to make progress toward achieving our Mission H1 FY27 H1 FY26 YoY Movement Active customers (millions) 16.2 13.4 21 %

Wise Group PLC (WISE) rose 10% after Jefferies highlighted a Belgian settlement and North American banking wins. The company reported a 9% increase in first-half income before tax to $335 million, with gross profit reaching $1.2 billion. Active customers grew 21% to 16.2 million. Jefferies has a 'buy' rating and $16.60 price target.

Wise Group PLC raised its full-year revenue outlook after reporting a 23% increase in first-half net revenue to $1.45 billion and a 21% rise in active customers to 16.2 million. Cross-border volumes grew 24% to $141 billion, with transaction revenue up 25% to $1.10 billion. The company expects FY27 net revenue growth of 17.5% to 20% and a pre-tax profit margin near the top of its 20% to 25% target range. Wise has also completed half of a $500 million share buyback program.

Wise reported a 21% net revenue increase to $739.1m for Q2 2027, with active customers up 20% to 12.5m. The company guided to the upper half of its 15-20% full-year revenue growth range, expecting an income before tax margin around the top of its 20-25% range. Volume rose 22% to $71.7bn, while the take rate fell 3 basis points to 0.49%.

Wise Group PLC reported 21% net revenue growth to $739.1M in Q2, raising its 2026/27 net revenue outlook. Active customers rose 20% to 12.5M, cross-border volumes increased 22% to $71.7B. The company expects full-year growth within the upper half of its 15-20% target range.