How to Buy Wise Stock [2024]

Summary: Wise, a money transfer fintech, is publicly traded under the ticker WISE.L on the London Stock Exchange. To buy Wise stock, opt for a regulated online trading platform. We suggest using eToro for this purpose.

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What is Wise?

How to Buy Wise Stock: homepage screenshot. — Wise’s homepage. Source: Wise.com

Wise plc (LSE: WISE.L), formerly TransferWise, is a UK-based financial technology company primarily known for its approach to international money transfers. Established in 2011, Wise has revolutionized the sector by offering low-cost, transparent, and efficient cross-border payment solutions. The company’s transfer offerings include three main products: Wise Account, Wise Business, and Wise Platform.

Wise stock trades on the London Stock Exchange (LSE) under the stock symbol WISE.L.

How to buy Wise stock? A step-by-step process

Here is the step-by-step process for buying Wise stock.

Step 1: Choose a Broker

Select a trustworthy online broker to buy Wise stock. We recommend eToro for its:

Commission-free stock trading;
Access to over 2,000 stocks from 17 exchanges;
Fractional shares;
Copy-trading and Smart Portfolios;
Intuitive user interface.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

For those looking to diversify their investments within fintech, here are several key companies, each offering unique contributions to the sector:

Block Inc. (NYSE: SQ);
Adyen (Euronext Amsterdam: ADYEN.NV);
SoFi Technologies, Inc. (NASDAQ: SOFI);
LendingClub Corporation (NYSE: LC);
Robinhood Markets, Inc. (NASDAQ: HOOD);
Affirm Holdings, Inc. (NASDAQ: AFRM);
Payoneer Global (NASDAQ: PAYO);
Global Payments Inc. (NYSE: GPN);
PayPal Holdings, Inc. (NASDAQ: PYPL).

Investing in these companies can provide exposure to different aspects of the fintech industry, from digital payments and peer-to-peer lending to innovative financial management and investment services. Each company represents a unique aspect of the rapidly evolving fintech landscape, offering diverse investment opportunities. As always, conducting thorough research and considering individual investment goals and risk tolerance when diversifying your portfolio is essential.

Step 2: Open and fund your account

Create and verify your account on the broker’s platform. Fund your account using the deposit method (bank transfer, credit card, PayPal, etc.) most convenient for you.

Step 3: Buy Wise stock

Once your account is funded, you’re ready to invest:

Search for Wise: Navigate to the search bar on your broker’s platform, type in “WISE.L,” and select the stock from the dropdown list;
Trading options: Click on the “Trade” button. Here, you can choose the type of order – a market order to buy at the current price or a limit order to set a specific price at which you want to buy;
Specify investment amount: Decide how many shares you want to buy or the total amount you wish to invest in Wise;
Review order: Before confirming, double-check the details of your order;
Confirm and buy: Once you’re satisfied with your order, confirm the purchase to complete the transaction.

Step 4: Monitor your investment in Wise

To monitor your investment in Wise, regularly review its stock performance and financial statements, stay informed about sector-specific news and trends in fintech, and periodically reassess how this investment fits with your overall financial goals and risk tolerance. This approach will help you make informed decisions and adapt your strategy as needed.

Wise stock price today

Pros and cons of buying Wise stock

Pros

Innovative business model: Wise’s transparent fee structure and real-time exchange rates disrupt the traditional model of international money transfers, offering cost-effective solutions;
Strong market position: As a prominent player in the fintech sector, Wise has a solid market presence and a growing customer base, reflecting its appeal and reliability;
Expansion and diversification: Wise continually expands its offerings, including multi-currency accounts and business banking features, indicating potential for growth.

Cons

Market competition: The international money transfer market is highly competitive, with many players offering similar services, posing a challenge for Wise to maintain its competitive edge;
Market sensitivity: As a fintech company, Wise’s stock may be subject to broader market volatility, particularly in the technology and financial sectors;
Scaling challenges: Rapid growth and global expansion bring challenges in maintaining service quality and managing operational complexities.

In conclusion

To buy Wise stock:

Open a brokerage account;
Deposit funds to your account;
Place your order via your brokerage;
Periodically review your investment.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs About Buying Wise Stock