Report
Soomit Datta
EUR 8954.00 For Business Accounts Only

WISE LN (Neutral, TP: GBP6.00, +11%) # European Payments Initiation # Wise (Neutral, TP: GBP6.00) - Breaking down Borders

We add to our European PayCo coverage today initiating on Wise (WISE:LN). We really like the Wise business model: rapid and cheap FX transfers through a slick App with deeper account services increasingly layered on. With market share just of just 4% in Personal cross-border transfers, lower still on SME, further share gains should flow quite easily given the slower and more expensive offering from incumbent banks which dominate the market.
Underlying
Wise Group AB

Wise Group AB is a Sweden-based provider of services and tools in the area of human resources management (HRM). It is a parent company within the Wise Group (the Group). The Group offers Web-based services within process descriptions and document support, expertize and capacity within professional consultancy services, as well as recruitment, management outplacement and career coaching. As of December 31, 2011, the Company had six subsidiaries, which operated as separate business segments, namely Netsurvey Bolinder AB, responsible for employee and customer surveys; Wise Consulting AB, responsible for coaching, conversions and human resources (HR) consulting; Wise OnLine AB, offering online services for information and decision support in the HR area; K2 Search AB, a search and executive search company; Wise Professionals AB, engaged in the recruitment of skilled staff for advanced services, and Talentum HR AB, offering consultancy, guidance, education and seminars.

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Soomit Datta

Other Reports on these Companies
Other Reports from New Street Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch