Wise Launches Small Business Banking Experience
San Mateo-based FinTech startup Wise has announced the launch of its small business banking product in partnership with BBVA Open Platform. Starting today, small businesses on the Wise waitlist will be offered full access to the Wise banking experience on web, iPad, iPhone and Android devices.
Established in 2018, Wise offers next-gen business banking features that include an FDIC-insured checking account and Visa debit card in partnership with BBVA USA. In the coming months, Wise plans to roll out additional small business-focused products and services such as payments, invoicing, credit card and point of sale.
“Never before has there been an easier way for a business to pay and get paid. Payments are faster and fee free, in most cases, which means flexibility and cost-savings to owners. This is the way small businesses will bank in the future. We’re thrilled about our partnership with BBVA because it allows us to bring the Wise Banking experience to millions of small businesses in America. We’re here to change the way small businesses think about banking.” – Arjun Thyagarajan, cofounder and CEO at Wise.
The company has raised $1.6m since its inception.