Wise revenue grows 43% in Q1 as customer numbers jump

A smartphone with the Wise logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) -Money transfer company Wise Plc on Tuesday said revenue reached 123.5 million pounds ($168.66 million) in the first quarter of its financial year, up 43% from a year earlier.

The London-based firm processed 16.4 billion pounds in cross border payments, up 54% year on year, it said in its first trading update as a public company.