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December 1, 2021

Wise to hire 150 staff in 2022 to bolster North American presence

By Shalini mani

Wise is set to hire over 150 employees in the US next year as part of its North American expansion plan that will see the firm expand its footprint into Austin, Texas.

The hiring will be for the firm’s offices in New York City, Tampa and as well as the new Austin location.

Wise, which debuted on London Stock Exchange earlier this year, is also shifting its New York City (NYC) headquarters to a new and larger site in January 2022.

The firm is seeking to hire across several roles for the new headquarters, including product, engineers and business development positions.

Wise, which has a workforce of 3,000 across the globe, is planning to increase its headcount by 1,000 next year.

The plans for Wise’s North American expansion follow a 29% year-on-year revenue growth in the region in the half-year ended 30 September 2021.

Commenting on the development, Wise CTO Harsh Sinha said: “North America is a critical region for us as we continue to see demand and interest from people and businesses looking to move money instantly, conveniently, transparently and without hidden fees.

“Our expansion plan demonstrates our commitment to addressing those needs, and represents a significant step forward in our regional growth strategy.”

Foray into Austin

Wise said that its new Austin location will house operations, software engineering, product management, sales, and customer support teams.

The firm is currently recruiting for a number of positions for this location, which is set to operate from a shared co-working space in downtown in January 2022.

Sinha added: “Austin is the ideal location for us as it’s an innovation hub that’s home to a diverse collection of talented people. We look forward to growing our team there and becoming an active and contributing member of the Austin community.”

Other moves by Wise

In June this year, Wise expanded its reach to India with the launch of a foreign exchange service in the country.

This May, the firm joined Temenos MarketPlace to bring low-cost international remittances to banks across the globe.

In April, it partnered with banking platform Thought Machine to help banks, fintechs and financial institutions support international payments easily.

The firm, which was previously known as TransferWise, rebranded to its current name ten years after its inception.

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