Wise $WISE $WISE.L currently has the lowest take rate in the industry, charging customers just 0.52%. Western Union's $WU take rate is ~3.5%, and Remitly's $RELY is 2.3%. This massive gap is primarily the result of Wise’s robust infrastructure. Why can’t competitors replicate

My first deep dive on Wise $WISE $WISE.L is now available on Substack — free to read. Like and subscribe! Wise: A Disruptor in the Remittance Market granaresearch.com/p/wise-a-disru…

Wise $WISE $WISE.L is one of the best investment opportunities across fintechs because: ▪️Wise offers the lowest-cost solution in the industry: the average take rate for personal transfers is 0.57%, and for business transfers – 0.39%. The blended take rate stands at 0.52%, down

A few words about the conflict between $WISE $WISE.L co-founders — Hinrikus and Käärmann. Hinrikus has long been removed from the company’s day-to-day operations. While his grievance may be legitimate, I don’t believe he has much chance of success. I assume most shareholders

The earnings reports from $NXPI and $TXN clearly illustrate why you need to get positioned well before a cyclical recovery actually begins. I know quite a few PMs who started building positions right around the start of earnings season.

Subscribe — don’t disappoint Sydney. $AEO

Visa Direct $V has signed several notable partners to provide them with money transfer infrastructure. This market is highly competitive, with players like $WISE, Airwallex, Nium, and Currencycloud (a part of Visa Direct). In our deep dive on Wise, we included a brief comparison

Visa’s $V management shared their view on where stablecoins might be used. In our opinion, only the first use case is likely to materialize. In our Deep Dive on Wise $WISE $WISE.L, we highlighted why crypto has failed to become a disruptive force in the personal remittance

According to GS, 9.2% of firms across all industries have already adopted AI. Adoption is increasing.

Remitly is following in WU's footsteps by trying out stables to minimize working capital. It has been a known use case for a few years with no proof of impact yet (vs. PR). Of course, stables fans will misread this press release as Remitly's replacement of core fiat rails.

GS on $FOUR

Another big win for Wise $WISE $WISE.L. Congratulations Wise Kristo Käärmann Few people noticed, but the business segment showed strong results last quarter. It will be extremely interesting to watch Wise Business over the next few years.

Fiserv $FI confidently dominates the core banking systems market, both among banks and credit unions. This service is extremely sticky due to the very high switching costs. It is worth noting that the annual revenue of Jack Henry $JKHY is roughly 10x smaller.