Wise, a Techstars NYC company, is a fintech startup that offers banking and payments services to modern businesses.
Wise's mission is to be alongside ambitious businesses, every step of the way.
Wise was founded in 2018 by Arjun Thyagarajan and Suresh Venkatraman. The company is headquartered in San Mateo, California.
Wise offers business bank accounts with an interesting go-to-market strategy. Wise partners with other companies so that they can offer bank accounts to their own customers.
Wise embeds its all-in-one banking solution, making it readily available in platforms and marketplaces to help businesses get ahead financially. If you’re running a marketplace or an e-commerce platform that matches companies with individual customers, you can leverage Wise to offer bank accounts to your partner companies.
Wise targets other companies that touch on financial services but can’t offer those services because it’s such a big investment. You can hold money, pay with bank transfers, a debit card, a virtual card or checks, and get paid using card payments, ACH and checks.
Wise is backed by e.ventures,Base10 Partners, Grishin Robotics, Techstars, Abstract Ventures, Backend Capital, The Fund, Two Culture Capital and others. The company raised $12M in Series A round on Oct 29, 2020. This brings Wise's total funding to $17.7M to date.