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TransferWise Rebrands To Wise – Plans To Hire Over 70 Staff For Its New S'pore Office

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World expertise firm TransferWise introduced at the moment (Feb 22) that it has undergone a rebranding, wherein it’s renamed to Wise.

Launched in 2011, Clever began out as a cash switch service for shoppers, and has since expanded to construct a cross-border funds community that goals to make worldwide banking cheaper, sooner and seamless.

It’s hailed as one of many world’s quickest rising tech corporations, having raised over US$1 billion (S$1.8b billion) in main and secondary transactions from traders.

Thus far, 10 million folks and companies use Clever, which processes over £four.5 billion (S$eight billion) in cross-border transactions each month, saving prospects over £1 billion (S$1.eight billion) a 12 months.

Clever is at the moment residence to a few merchandise — Clever, Clever Enterprise and Clever Platform — with cash transfers being its core characteristic throughout the Clever account service, which has transfers, account particulars, debit card and extra.

With the Clever account, folks and companies can maintain cash in 55 currencies, in addition to ship and spend cash internationally.

“Right this moment, our title catches up with who we’re already constructing for: a group of individuals and companies with multi-currency lives. That group now even contains the banks themselves,” mentioned Kristo Käärmann, CEO and co-founder of Clever.

Whereas they’ve developed to repair extra than simply cash switch, Käärman asserts that their mission stays the identical: “We’re nonetheless making — and at all times can be making — cash work with out borders.”

Following this rebranding, prospects needn’t create a brand new account — they’ll nonetheless entry their present account utilizing their present e mail and password.

The ultimate switchover for all prospects to the Clever model will happen in March 2021. 

Over 70 Individuals Will Be Employed In 2021

Clever can also be strengthening its Asia Pacific presence with the enlargement of its Singapore workplace.

It has opened a brand new, bigger workplace area at Paya Lebar Quarter (PLQ) 2, with facilities like a nursing room, non-public prayer area, nap rooms and leisure zones.

The corporate additionally plans to rent over 70 folks in Singapore this 12 months. Some obtainable roles embrace enlargement, engineering, product and operations.

Clever hopes that this expanded presence will permit it to raised serve regional shoppers, companies and financial institution companions and drive enterprise development into new markets. 

“We’re excited to double down on our dedication to Singapore — our Asia Pacific hub — and the broader area as we mark our fourth anniversary within the nation,” mentioned Venkatesh Saha, Clever’s head of Asia Pacific enlargement.

Since Asia Pacific their quickest rising area, increasing its presence right here serves as a “strategic funding” that can assist them obtain their purpose of constructing the perfect international cross-border funds community for its prospects.

Featured Picture Credit score: Clever

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