Wise provides an embedded banking platform that lets partners instantly offer checking accounts, payments and other business-banking features inside their own software. Its no-code solution allows B2B SaaS companies to launch white-labeled banking programs in a matter of days instead of the months or years traditionally required. Wise operates the entire program, handling compliance, servicing and back-office operations so partners can focus on user experience. The company is expanding through new partnerships across multiple verticals, including payroll provider RemoteTeam. Proceeds from its latest financing will be used to accelerate product development, deepen go-to-market efforts and broaden its partner ecosystem. Wise has raised a total of $18 million to date, including the newly closed Series A and a $5.7 million seed round completed six months earlier.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2020