On 8 April 2017, an internal memo from British bank Santander claimed the bank would lose 84% of its revenue from its money transfer business if its charges were the same as Wise.[18] Also in April 2017, the company announced the opening of its APAC hub in Singapore.[19] In 2019, the company announced opening an office in Brussels.[20] In May 2017, the company announced its customers were sending over £1 billion every month using the service,[21] and that the company turned profitable six years after being founded.[22]