Wise has reached a resolution with authorities in Brussels after concerns this summer surfaced that the platform has been used for money laundering.
Shares in the London FinTech dropped sharply in early June after the public prosecutor’s office in Belgium said it had been investigating the firm since last year.
Reports said the alleged transactions amounted to €500 million and were linked to fraud, corruption and drug trafficking.
This morning, while reporting its half-year results, Wise said its Belgian subsidiary, Wise Europe, “has reached an agreement to fully resolve and settle this matter, with no admission of wrongdoing”.
No further details of the resolution were disclosed.
Earlier in the summer Wise moved its primary listing to New York from London, where it listed in 2021.
This morning it reported a net revenue rise of 23% year-on-year to $1.45bn for the six months ended 30th September 2026. Net profit increased 6% to $249.2m and profit before tax rose 9% to $334.9m, at a 23% margin.
Active customers rose 21% to 16.2 million, with 4.1 million new active customers during the period.
Customer holdings increased 28% to $43.5bn, including $11.4bn held in assets under custody, which increased 52%.
Card revenue rose 43% to $252.0m, with card spend volume up 33% to $27.2bn.
Total operating expenses increased 28% to $1,150.3m, while transaction expenses decreased 12% to $229.7m.
Wise said general and administrative costs rose 41% to $256.7m, including approximately $15m related to listing expenses.
Wise Platform added partners including OakNorth and Vivid, and Wise said it had also partnered with two of the top 20 largest banks in North America.
CEO Kristo Käärmann (pictured), who co-founded the business in 2011, added: “We added our ninth direct connection in Malaysia, reducing our reliance on intermediaries and helping us move money faster and at lower cost.”
After the period end, Wise appointed Barak Eilam as non-executive director and chair designate of the board.
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