Digital Banking > Best Digital Bank
Wise is a distruptive new banking platform for SMBs. What sets Wise apart from other b2b challenger banks is the deep integration of payments and banking into one seamless experience. Payments are the core engine of a business, and by integrating the banking layer, Wise has unlocked the door to deliver a ton of value to their customers. Wise offers 2% APY on FDIC insured checking, Instant Payments, debit, invoicing, and a modern digitally native experience via mobile apps.
The company is led by Arjun Thyagarajan (Mojio/SplashData) and Suresh Venkatraman and they have brought in Ari Newman (Techstars/Jive/Filtrbox) and veterans from WellsFargo, LendingHome, TicketMaster, Telenav and others. Wise was launched in Q3 of 2019, is a Techstars alumni, and has been recognized by American Banker, Pymnts, and other media outlets. The company has partnerships in place with BBVA, Stripe and Visa. HQ is San Mateo, CA.