Nov '23

Wise Kicks Off Austin Expansion Plan with Relocation to The Domain Tower II – Yahoo Finance

Company commits to growing its Austin-based headcount by 50% in 2024
AUSTIN, Texas, November 01, 2023–(BUSINESS WIRE)–Wise, the global technology company building the best way to move money around the world, today announced that it is relocating its Austin office to The Domain Tower II located on Alterra Parkway. The move comes as the company also announced plans for further expansion in the market, including increasing its Austin-based headcount by 50% in 2024.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231101068915/en/
From left to right: Stacy Schmitt, SVP of Communications & External Affairs at Opportunity Austin, Harsh Sinha, CTO of Wise, Stephanie Mazurkiewicz, Project Development Coordinator at the Office of Governor Abbott, Balazs Barna, Austin Site Lead & Head of U.S. Engineering, and Roland Peña, SVP of Global Tech & Innovation at Opportunity Austin. (Photo: Business Wire)
"As our North America 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 the products and services to meet the needs of our customers," said Harsh Sinha, Chief Technology Officer and interim CEO, Wise. "The move to 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."
Wise first moved to Austin in January of 2022 and has since established a full-stack operation with 180 employees in product management, software engineering, operations, sales, and customer support. The company will be the sole tenant on the 23rd floor of Domain Tower II, occupying 28,000 square feet in its new space. Wise had previously occupied offices at 14205 North Mopac in North Austin.
Wise’s expansion plan is driven by continued customer growth and comes as the company recently reported that its North American revenue grew 53% in FY23 to £179m – this makes up 21% of the company’s total revenue.
Earlier this year, Wise was named as a 2023 Great Place to Work in Austin by BuiltIn, the noted online community for startups and tech companies.
"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. Austin is a top global destination for business and investment through the power of our vibrant community and ecosystem of innovation," said Roland Peña, senior vice president of global tech & innovation at Opportunity Austin.
"It’s thanks to industry innovators like Wise that Texas continues to be a titan in the technology sector," said Texas Economic Development & Tourism Executive Director Adriana Cruz. "We thank Wise for their continued growth in Texas and for selecting Austin as the location for their new U.S. headquarters while creating hundreds of new jobs for hardworking Texans."
In 2023, Wise launched a number of innovative products, programs and collaborations in North America, including an innovative collaboration with Swift; a new interest feature for US customers; the Wise Business Card; a new small business offering in tandem with Bluevine; as well as a collaboration with Interactive Brokers which gives its clients a simple and seamless experience when making deposits in their trading accounts.
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 a total of more than 700 employees within office locations in Austin, Tampa and New York City.
About Wise
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold over 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.
Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable technology companies and is listed on the London Stock Exchange under the ticker, WISE.
7.2 million people and businesses use Wise, which processes over $10 billion in cross-border transactions every month, saving customers over $1.6 billion a year.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231101068915/en/
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