"Abandoning the UK and heading to the US" +1! Wise Q4 performance shines, expected to move to Nasdaq next month.

Cross-border payment company Wise Plc has announced plans to move its main listing location from London to Nasdaq next month. Meanwhile, the key earnings data for the fourth quarter of this remittance company exceeded analysts' expectations. Wise CEO and co-founder Kristo Krmann stated in a statement on Monday that the plan to list in the United States on May 11 is expected to "further enhance" the company's visibility in the U.S. The company is seeking to establish partnerships with over 4,000 banks across America. The fintech company announced its plans to list in the U.S. last year. It has applied to form a national trust bank in the U.S., which will allow Wise to access the Federal Reserve's payment systems. In the U.S., Wise has over 750 employees, with 450 of them located in Austin. It is noted that Wise's choice is not an isolated case. In fact, in recent years, the trend of "leaving the UK for the U.S." has become a significant trend in the global capital markets, with many industry giants following suit. Building materials giant CRH Plc (CRH.US), pharmaceutical company Indivior (INDV.US) have both moved their main listing venues from London to the U.S., and gambling leader Flutter Entertainment (FLUT.US) is also considering similar arrangements. British chip design benchmark company Arm has even chosen to list directly on Nasdaq. Wise also reported that for the fourth quarter ending in March, underlying revenue increased by 24% year on year, reaching 4.353 billion ($5.835 billion), exceeding analysts' average expectation of 4.287 billion. Growth in customers drove an increase in deposits. In the financial year, Wise saw a 25% increase in cross-border transaction volume, reaching 181.7 billion, with a 21% increase in customer numbers to nearly 18.9 million. Wise announced last month that it will be launching everyday checking accounts in the UK, aiming to capture more market share from traditional banks and other fintech companies. Wise currently holds an electronic money license in the UK, authorizing it to provide payment services but not including lending operations. The company has also been seeking approvals from overseas regulatory bodies. Its existing features allow users to store, transfer, and spend in up to 40 different currencies using mid-market exchange rates for operations abroad.