Wise, a global fintech company, announced last week it is expanding its Austin operations and moving its office to The Domain Tower II.
Wise has announced plans to increase its Austin-based workforce by 50 percent in 2024.
“As our North American business continues to grow, having a full-stack operation based in Austin has allowed us to move swiftly to build an innovative and collaborative team dedicated to creating products and services to meet the needs of our customers,” Harsh Sinha, Chief Technology Officer, and interim CEO, said in a news release. “The move to the Domain Tower II will allow us to continue to meet that demand by giving us the space to grow our Austin-based headcount in 2024 and beyond.”
In January 2022, Wise moved to Austin and now has 180 employees in product management, software engineering, operations, sales, and customer support.
Wise will be the sole tenant on the 23rd floor of Domain Tower II and will occupy 29,000 square feet. It previously had offices at 14205 North Mopac.
Wise’s expansion is driven by the growth of its North American operations, with $221.5 million in fiscal 2023. The Austin operations comprise 21 percent of the company’s total revenue.
Wise is a global company with more than 5,000 employees representing 125 nationalities working across 17 offices around the world. In the US, Wise has more than 700 employees within office locations in Austin, Tampa, and New York City. It created online accounts that allow people and businesses to hold more than 40 currencies to move money between countries and spend money abroad. It has 7.2 million customers, including large companies and banks. It processes more than $10 billion in cross-border transactions every month.
Kristo Käärmann and Taavet Hinrikus founded Wise in 2011 under the name TransferWise. It is listed on the London Stock Exchange under the ticker WISE.
“As Wise, a global technology leader, expands its Austin footprint and plans to significantly expand its local workforce, we witness a remarkable testament to Austin’s thriving tech ecosystem,” said Roland Pena, senior vice president of global tech and innovation at Opportunity Austin, said in a news release. “This expansion exemplifies the unwavering confidence global companies have in our region as a hub for innovation and growth. Austin’s unique blend of talent, infrastructure, and entrepreneurial spirit continues to attract world-class organizations like Wise. It’s a testament to the fact that Austin is a top global destination for business and investment through the power of our vibrant community and ecosystem of innovation.”