Unique Selling Point:
With Wise’s multi-currency business account you can send and receive money in multiple currencies all over the world, so you can always pay and get paid locally with low fees.

Who is this app for:
If you’re looking for an online banking service with a huge global payment infrastructure, a clear, transparent approach to pricing, and high international transfer limits, then Wise may be for you. Wise focuses on businesses with a large international footprint, who need to be able to make and accept payments in a variety of currencies, to and from an array of merchants, payment platforms and banks. Originally starting life as TransferWise – an international money transfer service that focused on a low, transparent fee structure, Wise has now branched out into the business banking sector.

Wise describe their business account as an alternative to a traditional business bank account. While missing some features of a traditional US bank account, such as FDIC insurance, and credit/debit cards, Wise’s huge international network will still likely appeal to business owners with an international presence, particularly businesses with international offices, as you can move between 55+ currencies instantly, in order to pay mortgages, rent, or bills without a local bank.

Bonus points:
– With Wise, you can connect your business account directly to with Stripe and other e-commerce and trading platforms, and optimize your currency conversion rates by getting paid using your Wise local banking information.