Wise plc

WISE position long Bonsai Partners

Thesis

Wise has built an alternative to SWIFT for international money transfers, leveraging its platform business to provide banks with a more efficient solution. This shift towards a bank-level platform could significantly increase Wise's transaction volumes and market presence.

Did it work?

inconclusive confidence: low

Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The potential for Wise to increase transaction volumes and market presence is plausible, but without evidence of actual performance or developments, the outcome remains uncertain.

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