London-listed fintech firm Wise has been forced to freeze onboarding all new business clients across the UK and Europe due to “high demand”, City A.M. can reveal, in the latest hiccup to face the firm after it “deactivated” all US business cards last week, due to “operational changes”. The two incidents are unrelated.
Wise, which provides money transfer services and accounts to people and companies, has posted an update on its website saying it has “temporarily paused onboarding” for new businesses across the EU and UK, where it makes over half of its revenues.
“We’re temporarily pausing onboarding new Wise Business customers in a few markets due to high demand,” the firm told City A.M. in a statement.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: