TIP806: Wise PLC w/ Kyle Grieve and Daniel Mahncke

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 (theinvestorspodcast.com/mastermind-2).

• Learn how to join us in Omaha for the Berkshire meeting ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (theinvestorspodcast.com/how-to-attend-the-berk…).

• Kyle and Daniel use Fiscal.ai (fiscal.ai)for every company they research — use their referral link to get started with a 15% discount!

• Read about cross-border payments 101 (paymentacademe.com/cross-border-payments-101-a…).

• Read more on Wise, featured in Wall Street’s Blind Spots (amazon.com/Wall-Streets-Blind-Spots-Perspectiv…).

• Listen to a conversation with Wise’s CEO (youtube.com/watch?v=RU0yo_Y85WA), Kristo Käärmann.

• Follow Kyle on ⁠⁠⁠⁠X⁠⁠⁠⁠ (twitter.com/IrrationalMrkts) and ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ (linkedin.com/in/kylegrievetip).

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