Wise launched in 2011 to make international money transfers cheaper, fairer, and simpler after its founders encountered expensive bank fees and poor exchange rates.

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 10: BUILDING-BLOCK REALITY New Rails on the Block

"Wise launched in 2011 to make international money transfers cheaper, fairer, and simpler after its founders encountered expensive bank fees and poor exchange rates."

Wise's company history says it launched in 2011 with that goal after its founders devised a workaround to expensive bank fees and unfavorable exchange rates.

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Source title The Story of Wise

Source authors Wise

Source year 2026

Confidence high

Importance mid