Wise demonstrates robust growth, but the stock is down 😔; Nubank ventures into telco business 📞🟣

FinTech is Eating the World, 16 April

Hey Everyone,

Good morning! On today’s radar, we have Wise which continues to demonstrate robust growth, yet their stock is going down (unpacking the latest numbers and what they mean & what’s next for Wise + some more bonus reads), and Nubank that just ventured into telco business (what’s the USP here & why it makes sense + a deeper dive into LatAm’s FinTech star). Let’s jump straight into the cool stuff 🌶

Wise demonstrates robust growth, but the stock is down 😔

The news 🗞️ British-Estonian FinTech giant Wise just released its Q4 FY2024 trading update, showcasing continued strong growth in customers and revenue.

Despite the solid quarter, the stock slipped more than 10% today 😳

Let’s take a closer look at this, unpack the latest numbers and what they mean, and think about what’s next for Wise.