Wise Switches Listing to US

The UK fintech reported soaring income in its latest results, with a 24 percent jump in fourth-quarter earnings.

Wise plans to list on the Nasdaq, joining a growing number of British tech firms seeking higher valuations in American markets.

The company stated that the move will provide better access to global investors and support its long-term expansion plans.

Government officials in the UK have expressed concern over the trend of domestic companies moving their primary listings abroad.