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TIP806: Wise PLC w/ Kyle Grieve and Daniel Mahncke
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Kyle Grieve is joined by co-host Daniel Mahncke to discuss Wise PLC, a London-listed FinTech company that enables cheap and fast cross-border payments by matching local flows rather than moving money internationally through costly SWIFT networks.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:45 - The clever mechanism Wise uses to move money without actually crossing borders
00:09:14 - Why two Estonians at a London party ended up disrupting global banking
00:13:44 - How Wise earns revenue from four streams
00:21:44 - Which of Wise's three competitor industries is the most threatening and why
00:26:04 - How fast payments have become at Wise
00:42:12 - Why deliberately lowering your own prices can be a sign of business strength
01:08:12 - The flywheel that makes Wise harder to beat, the larger it grows
01:10:35 - What to make of the CEO controversy
01:23:51 - How Wise's capital allocation stacks up against Buffett's ultimate litmus test
01:30:26 - What the numbers suggest investors could earn holding Wise
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Kyle and Daniel use Fiscal.ai for every company they research — use their referral link to get started with a 15% discount!
Read about cross-border payments 101.
Read more on Wise, featured in Wall Street’s Blind Spots.
Listen to a conversation with Wise’s CEO, Kristo Käärmann.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
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