Cross-border payment company Wise has confirmed that it will proceed as planned to move its primary listing from London to Nasdaq on May 11, aiming to enhance its visibility and reach in the United States. Currently, Wise is seeking to establish partnerships with over 4,000 banks across the country and has applied to establish a national trust bank in the United States to gain access to the Federal Reserve's payment system. In the fourth fiscal quarter ending in March, Wise's underlying revenue increased by 24% year-on-year, reaching £435.3 million.
