Early summer gift: Wise shares dip despite strong fundamentals and massive growth potential 🎁📈; Banking on AI: the potential and pitfalls of Artificial Intelligence in Finance 🏦🤖

FinTech is Eating the World, 13 June

Hey Everyone,

Good morning & happy Friday! Today’s issue is the best one this week as we’re going to take a deep dive into Wise’s latest financials (uncovering and understanding the latest numbers & why the recent stock drop is a brilliant opportunity to increase your holdings of this FinTech giant) and see how banks are integrating AI (a quick recap of some fresh data + more bonus reads and dives into how AI is eating finance). Let’s jump straight into the thrilling stuff 🌶

Early summer gift: Wise shares dip despite strong fundamentals and massive growth potential 🎁📈

The news 🗞️ Shares in FinTech giant Wise fell more than 10% on Thursday after the money transfer firm forecast slower annual revenue growth.

This looks like an early summer gift as the company's latest financial reports reveal a business firing on all cylinders with strong product-led growth, widening competitive moats, and a massive runway ahead in the global digital payments space.

So let’s take a closer look at Wise’s latest financials, uncover the most important numbers, and see why the markets are actually generous.