WISE (OTCMKTS:WIZEY) Stock Rating Upgraded by Cantor Fitzgerald

WISE (OTCMKTS:WIZEY) was upgraded by equities research analysts at Cantor Fitzgerald from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

WISE Stock Performance

Wise is a London-based fintech company focused on international money transfers and multi-currency financial services. Founded in 2011 as TransferWise by Kristo Käärmann and Taavet Hinrikus, the business rebranded to Wise in 2021 and has developed a technology-driven alternative to traditional bank cross-border payments. Its core proposition emphasizes transparent pricing and the use of mid-market exchange rates to reduce the cost of moving money between countries.

The company’s product suite includes a consumer-facing multi-currency account that allows customers to hold, convert and send money in multiple currencies, an associated debit card for everyday spending, and business accounts designed for payroll, vendor payments and multi-currency invoicing.