S Venture Capital Advisors: Wise One Of The Best Performing UK Startups In The World

The Wise share price has been in a tight range three weeks into after its direct listing in London.
 
July 29, 2021 - PRLog -- Wise,  Formerly known as Transferwise, the company's shares are trading at 962p, which is slightly below the all-time high of 1,030p and 20% above its opening price. This values the company at more than 13.3 billion pounds ($17 billion). Interestingly, this makes it more valuable than Western Union, MoneyGram, and Euronet Worldwide, combined.

Wise has been one of the best performing UK startups in the world. The firm was among the first money transfer firms to disrupt the industry by lowering costs and boosting transparency. It did that by showing the overall cost of transactions before customers sent money.

Also, it achieved that by lowering transaction costs. As a result, the company has added more than 10 million users and grown its revenue substantially. It has also diversified its business by adding new solutions like a multi-currency account and business solutions.

Wise, like most digital platforms, did well during the pandemic as more people embraced these solutions. The top concerns is that last year's growth will start fading as the world economy rebounds. However, Wise proponents say that the company will keep seeing robust growth as the customers it added last year increase their transactions. In other words, the lifetime value of its customers will keep rising.

What next for the Wise share price? A quick look at Wise fundamentals shows that the firm is clearly overvalued. For one, this is a company that generated more than $400 million that is being valued at more than $17 billion. Its revenue grew by more than 40% in the first quarter to more than 123 million pounds.

However, a quick look at some of its best-performing peers like PayPal, Square, and AfterPay shows that high-growth tech companies tend to attract these premiums.

For more information about S Venture Capital Advisors or Wise, please get in touch with one of our representatives today at contact@sventurecapital.com.

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