FinTech Magazine August 2024 | Page 27

LIFETIME OF ACHIEVEMENT IN FINTECH

“ We continue to grow quickly but sustainably . We remain well-controlled ; reinvesting and generating a growing level of profitability ”

Under Käärmann ’ s leadership , TransferWise grew rapidly . The company expanded its services beyond just money transfers , offering multi-currency accounts and debit cards . In 2021 , the company rebranded to Wise , reflecting its broader range of services .
Wise recorded a 24 % year-on-year increase in revenue to US $ 1.3bn for its financial year ended March 2024 .
Käärmann ’ s innovative approach and leadership have earned him significant recognition in the fintech industry . In 2015 , he was named one of the World Economic Forum ’ s Technology Pioneers , highlighting his influence on the global financial technology landscape​ .
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