LONDON—Global money transfer firm Wise is reporting it plans to hire more than 150 new staff in 2022 as it expands its U.S. operations in Austin, Texas, relocates its New York City office to a bigger location and beefs up its staffing in Tampa.
The company’s expansion effort is fueled by a 29% year-over-year revenue increase — equating to $73 million — from its North American customer base, according to the announcement.
In all, Wise employs 3,000 people and intends to hire an extra 1,000 staff globally within the next year.
Wise, which was founded in 2011 as TransferWise, made waves in July when it began trading on the London Stock Exchange, according to PYMNTS. On opening day of its direct listing, the company had a valuation close to $11 billion. A direct listing process does not use underwriters or other intermediaries and floats current shares without creating new ones, PYMNTS noted.
The Wise listing is expected to be among the largest direct listings in 2021, according to PYMNTS.
The company became profitable in 2017, with an annual growth rate of 54%. Sales in the first half of 2021 were $589 million and the company handled cross-border transfers for six million users, PYMNTS said.