#1Wise Full year results presentation FY22 Money Without Borders June 2022#2Agenda for the call 1 Progress against our mission 2 Our FY22 financials 3 Q&A Kristo Käärmann (CEO and Co-founder) Matthew Briers (CFO) 2#3Our mission. Money without borders - instant, convenient, transparent and eventually free. Powering money for people and businesses: to pay, to get paid, to spend, in any currency, wherever you are, whatever you're doing. 3#4Wise: Growing at scale, and profitable. >70 Countries connected, customers can send money to >13M Customers around the world +40% Volume £76bn 0.61% Average price for customers in Q4 71 Net Promoter Score 22% Adj.EBITDA margin £121m 49% Transfers are Instant 88% within 24 hours 66% Customers join through word of mouth +33% Revenue £560m 4#5Wise 1 Progress against our mission.#6Moving money internationally is broken. Source: 2022 Edgar, Dunn & Company ("EDC") Market Study. Notes: 'Average defined by the median fee to transact 1,000 base currency across the following routes (GBP>USD, GBP>EUR, USD>GBP, USD>EUR, EUR>GBP, EUR>USD).2 Survey of 4000 consumers. TRADITIONAL BANKS Expensive 3-7% avg. fee¹ Slow Up to 2-5 business days Inconvenient Long, unfriendly CX Opaque Less transparent with their rates with only 4%² of bank respondents identifying the true cost 6#7This problems persists in two massive markets Personal X-border volume £2tn+ SMB X-border volume £9tn+ And we still have a long way to go... <4% Wise Personal Market Share <1% Wise Business Market Share 7#8Now our speeds are faster than ever. Source: Internal company data. 100% 75% 50% 25% 0% FY19 - Instant - <24h FY20 - <1h FY21 FY22 88% arrive in 24 hours 65% arrive in 1 hour 49% arrive instantly 8#9And we lowered fees for 2.5 million of our customers. Note: Average price eliminates route mix variance by tracking fees on a fixed representative basket of transactions. 1.00% 0.90% 0.80% 0.70% 0.60% 0.50% Average customer price (%) 0.64% Q4 FY19 0.63% Q1 FY20 0.70% 0.71% Q2 FY20 Q3 FY20 0.70% 0.70% Q4 FY20 Q1 FY21 0.72% Q2 FY21 0.69% Q3 FY21 0.69% Q4 FY21 0.67% Q1 FY22 -0.62% Q1 FY22 0.60% Q3 FY22 0.61% Q4 FY22 9#10We are saving customers money globally. We launched our debit card in Canada! Digital cards for US based businesses Local market integration in Mexico Global - Improved our FX and hedging strategy One way - we send money to Two ways - we send money from and to Better banking commercials in the Nordics Re-opened Nigeria We launched Brazil! We launched in India! We launched account & card in Malaysia! Optimised our safeguarding & business multi-currency accounts in Japan Business send to China and partnering with Weixin (WeChat) Better integrations in Thailand, Indonesia & Vietnam means more instant transfers We launched transfers to Fiji! 10#11But international banking needs fixing too. Source: Migration Data Portal and World Bank Problems. Sending money across borders International banking Underlying technology It is slow, it is expensive and it is hard to do. International bank accounts do not really exist. Infrastructure is antiquated and has not evolved in decades. Currently >280m immigrants, and businesses that export c.US$18tn globally are underserved by a broken international banking system 11#12We now have 3 products to serve this massive market. 12#13Wise Account D Freeze card E> Account services 企 ** 19 P Dir Activity Sophie Beck Personal account v S Show PIN 77 O Ba 7 Wise Manage card Wise Business Cards Freeze Manage ca O Pay Ad M 8 U wirebusiness 5374 3400 2508 1207 08/21 Show card details Start spending before your card arrives Learn how Show PIN Card should arrive by 19th June. Wisebusiness Wise Platform 9:30 TODAY Current Account £2,410.60 £650 left for 10 days *Florist Gump Ltd Thames Water Direct Debit Kavi Dhokia Thanks for dinner! 4 MONDAY, 17 FEBRUARY Spotify Yard Sale Pizza Holiday Fun Added to Pot a Amazon monzo £29.40 +1,427.99 29.40 +18.00 28.45 9.90 13#14Wise Account Building the world's most international account for people. X Send Money International You send 142,52 Local -065 GBP Balance transfer fee +065 GBP Discount applied. =OGBP Total fees * 1,12221 Guaranteed rate (96h) Recipient gets 160 Price comparison GBP You save up to 19,23 GBP Should arrive in 4 minutes Send money EUR Spend Anywhere Sophie Beck Personal account 11 77 ************ 3487 Freeze card Account services ⠀ Bank details 01/22 Show PIN Manage card X Receive income Bank details Use your bank details to receive money. United States dollars Bank code, Wire transfer number, Routing number (ACH or ABA), Account number British pounds Account number and sort code Euro IBAN and Bank code (BIC/SWIFT) Austrailian dollar Account number and sort code Poland zloty Account number and sort code New Zeland dollar Account number and sort code 940.00 British pounds All activity Today Hold & Convert C> Home To your EUR balance Convert 495.20 Send money to Mum Sent Transport for London Spent Salary Received B Send 630.80 US dollars a 221.57 EUR 1,000 GBP 95.901.53 INR 132.50 GBP 152.20 EUR Recipients +2,000.00 GBP 1.3 Invite 14#15Wise Account ... launched in Brazil and Malaysia. FEDERATIVA TE BRASI CA FEDERATIVA DO BRASIL 7 Wise Wise 15#16Wise Account We've added new features that our customers are asking for. DEN LED 204ead for SUR Assets: invest in MSCI World Index, instant access to funds, grow your money Scheduled payments: set automated recurring payments to send money, and pay bills abroad without needing to top-up each time Auto-convert: set your currencies and desired rate - we will convert it when your rate is met in the market Some things we're working on next Faster and cheaper transfers in more currencies Local account details in more countries More assets to hold in more countries Customer rewards on spending Try our new Assets feature! your money to work 9:41 203.65 Set up an amatic conversion based 1 GBP 1.35845 USD USD July 1 16#17Wise Account It's working: Our customers are using us for more than sending money. Note: (1) % of total active customers who have adopted more than 1 product in markets where the Wise Account and Card are available (Europe, United Kingdom, United States, Switzerland, Japan, Brazil, Canada, Malaysia, Singapore, New Zealand and Australia). Product defined as Send, Spend, Receive, Hold & Convert. % of customers who use Wise for more than Send¹ 30% 20% 10% 0% 0% FY 17 1% FY 18 7% FY 19 12% FY 20 15% FY 21 2x more volume These customers send 2x more volume than send only customers 20% FY 22 17#18Wise Business Our business customers move more money. Source: Internal company data as of FY22. Notes: 'Engagement is based on Active Rate. Engagement¹ Volume per customer Revenue per customer LTV Personal Customers ✓ ✓ £8k £62 ✓ ✓ Business Customers ✓✓✓ £48k £309 ✓ ✓ ✓ 18#19Wise Business Building the world's most international account for businesses. Pay international invoices Wise 127.00 USD 860.00 AUD 0.00 NZD Manage employee spending with cards 7wisebusiness € B 620 USD 250.00 CAP SOUND $ Get paid like a local business What's next? ● Increased transfer limits (>£1 million) ● Enhanced expense and budget management tools Control account access for team members Synchronise activity & bills with accounting software 19#20Wise Business Enriching our product strengthens the customer relationship. Wise Business Cohort Volumes (£b) 1 2 Year 3 4 5 -2022 - 2021 - 2020 — 2019 -2018 <-2017 20#21Customers are holding more deposits with us. Notes: ¹includes account deposits for both Wise Account and Wise Business customers. 2.0 Wise total deposit balances (£bn)¹ 2.0 FY20 85% YoY 3.7 FY21 84% YoY 6.8 FY22 21#22Wise Platform The magic of Wise integrated into enterprises and banks. NeoBanks Enhance their offering monzo Sable Traditional Banks Transforming to compete M SHINHAN ΒΑΝΚ Enterprises Expand to payments xero gb quickbooks. 22#23Wise Platform ...across borders. Note: Incremental partners in FY22 deel. Wise Platform is attracting both traditional and high tech partners Sable OONJUNO G Pay monzo OX OB Thought Machine fortú YAPEAL TEMENOS ● Bolt MAX Gotrade Desk era P00 Haslle SHINHAN ΒΑΝΚ 23#24Scaling up can be hard, and we're building our teams. • We are currently onboarding c.1 million customers every quarter and scaling our operations teams to support this • We grew our team by c.950 Wisers in FY22 and are actively hiring so that we have the right size and quality of teams . These will help us open up new geographies 24#25We are redefining expectations. Low cost and Transparent Banks 27 Wise 1 in 2 transfers instant At scale greater than largest incumbent Incumbent payment providers 2 Sustainable cost reductions supported by reinvestment of profits Digital challengers Global KYC/AML capability Decentralized clearing 25#26There is still more to build to serve our customers everywhere. Wise reach by number of countries > 70 Countries we can send to 49 Countries we can send and receive from 41 Wise Card 10 Account details 1 Assets 26#27Our products are working... Our Products... Wise Account Wise Business Wise Platform drive high advocacy... 71 NPS¹ 66% WoM² more active customers... 24% YOY personal customer growth³ 34% YOY business customer growth³ and greater scale. £76bn Volume4 40% YOY Volume growth Source: Internal company data. Note: ¹Net promoter score ("NPS") referrals as of FY22. NPS is based on share of respondents answering 9 or above (promoters) less the share responding 6 or below (detractors) out of a score of 1-10 to the question "How likely are you to recommend us to a friend?". 2Word-of-mouth ("WOM") referrals as of FY22. WoM measures share of customers joining Wise after being referred or invited by someone they know. 3As of FY22 4As of FY22 27#28Wise 2 Our FY22 Financials.#29Our growth and profitability allows us to reinvest for the long-term. £76bn Volume. +40% y/y £560m Revenue. +33% y/y £372m Gross profit. +43% y/y £113m Free cash flow 93% of Adj. EBITDA £121m Adj. EBITDA 22% margin 29#30More and more Personal and Business customers use us every quarter. Note: Active customer defined as a customer who has completed a cross currency transaction in a given time period. Active customers (m) - Personal 5.0 2.0 0.0K 0.30 0.10 0.00 2.7 3.0 0.14 3.2 0.16 0.18 1. 3.4 3.3 28% 0.20 56% 22% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Active customers (m) - Business 0.22 3.7 44% 26% 0.23 4.1 39% 29% 0.25 4.3 36% 0.27 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 YoY YoY 30#31Volume per customer increased this year too. Note: Volume per customer defined as the average quarterly transaction volume of active customers per quarter. Volume per customer (£'000) - Personal 3.0 3.4 3.5 3.6 17.5 17.7 18% Volume per customer (£'000) - Business 19.1 18.1 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 6% 3.6 3.7 3.7 3.7 6% 18.6 4% 9% 19.4 3% 13% 15% 21.6 20.8 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 YoY YoY 31#32Strong momentum on volume growth in second half. Volume (£bn) - Personal 8.2 10.4 2.4 11.5 Volume (£bn) - Business 2.8 12.0 3.5 50% 3.6 12.4 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 66% 30% 4.0 13.5 57% 32% 4.5 15.1 58% 32% 5.5 15.9 54% 5.5 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 YoY YoY 32#33Volume grew 40% YOY. Notes: ¹ Prior periods calculated using the FY22 average rate. Total volume (£bn) 41.7 8.3 33.4 FY20 30% YoY 33% YoY 54.4 12.3 42.1 FY21 40% YoY 46% YoY 76.4 19.5 56.9 FY22 YoY Business 59% Personal 35% Constant currency growth¹ 33#34We made great progress in reducing our unit cost of sales. Cost of sales as a function of volume (%) 0.27% 0.01% 0.07% 0.20% FY20 0.30% 0.02% 0.06% 0.22% FY21 0.25% 0.00% 0.05% 0.19% FY22 Net credit losses on financial assets Net foreign exchange loss and other product costs Bank and partner fees 34#35We reinvested this to improve our proposition; enabling lower prices for customers. Note: Average price eliminates route mix variance by tracking fees on a fixed representative basket of transactions. Average customer price (%) 1.00% 0.90% 0.80% 0.70% 0.60% 0.50% 0.64% Q4 FY19 0.63% Q1 FY20 0.70% 0.71% 0.70% 0.70% Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 0.72% Q2 FY21 0.69% 0.69% Q3 FY21 Q4 FY21 0.67% Q1 FY22 0.62% Q1 FY22 0.60% 0.61% Q3 FY22 Q4 FY22 35#36Customers using the Account drove an increase in other fees ... supporting overall take rate. Note: Other fees refers to revenue from non cross volumes for example same currency transactions and interchange fees. Take rate (%) 0.81% 0.80% 0.75% 0.74% 0.06% 0.07% Q1 FY21 Q2 FY21 0.75% 0.75% 0.75% 0.74% 0.68% 0.07% 0.67% 0.66% 0.08% 0.09% 0.64% 0.10% 0.73% 0.62% 0.11% 0.72% 0.60% 0.11% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Total take rate Cross-currency take rate Other fees 36#37Revenue grew 33% YoY. 0 Revenue (£m) 302.6 50.9 251.7 FY20 39% YoY 421.0 79.7 341.3 FY21 33% YoY 559.9 126.7 433.2 FY22 Business Personal YoY 59% 27% 37#38Growth in all regions, with UK still growing at 30% y/y. Note: "RoW" refers to rest of world. Revenue by Region (£m) 302.6 25.1 47.4 62.9 72.7 94.5 FY20 421.0 26.7 72.4 89.8 95.8 136.3 FY21 559.9 31.6 101.3 117.0 124.3 185.7 FY22 YoY 18% RoW 40% APAC 30% N. America 30% 36% Europe 38#39Gross profit grew ahead of volume. Gross profit (£m) £372m FY22 Gross profit. +43% y/y 62% FY21 Gross profit margin 66% FY22 Gross profit margin 39#40How we invest in our growth. Our investment choices Enhanced customer experience Increases volume and scale ++ Customers ++ Features Resulting in a lower unit cost Invest in marketing Invest in product & tech Invest in sustainably lowering price Wise reinvests back into the business in 3 major ways 40#41Growing Wise involves reinvestment for the long-term. Notes: ¹Administrative Expenses adjusted for depreciation and amortisation (D&A), share-based compensation (SBC), capitalisation and exceptional costs related to listing. 2Other admin expenses, Consultancy & outsourced services adjusted for exceptional costs related to listing. ³Employee benefit expenses adjusted for SBC. Administrative Expenses¹ and Other Operating Expenses (£m) 138.9 12.1 20.4 14.1 13.6 78.7 FY20 25% YoY 173.3 4.8 23.3 19.9 21.7 103.5 FY21 49% YoY 258.3 4.8 20.4 37.4 25.0 28.0 142.7 FY22 Other operating expenses Other admin expenses² Consultancy & outsourced services² Technology & development Marketing² Employee benefit expenses³ YoY 100% 325% 61% 26% 29% 38% 41#42Our mission is now supported by almost 3,400 Wisers. Notes: 'Employee (Wiser) headcount at the end of each financial year. Number of Wisers¹ 2,127 FY20 1,881 +14% YoY 2,419 FY21 2,243 +40% YoY 3,385 FY22 2,919 Average 42#43We have increased our investment in marketing £28.2m FY22 marketing investment +30% y/y but word of mouth continues to grow: 66% of new customers are still referred. 43#44Higher expense growth is in part driven by lower capitalisation. Notes: ¹Administrative Expenses adjusted for D&A, SBC and exceptional costs related to listing. 2No base in FY21 and therefore no growth rate calculated. Administrative¹ and Other Operating Expenses (£m)¹ 124.2 138.9 (14.7) FY20 24% YoY 153.8 173.3 (19.5) FY21 65% YoY 253.6 4.8 253.5 (4.7) FY22 Other operating expenses Administrative expenses¹ Capitalised intangibles N/A² 46% (76)% 44#45We're sustaining Adjusted EBITDA margin at or above 20%... Adjusted EBITDA (£m) Margin (%) 23% 68.4 FY20 60% YoY 26% 108.7 FY21 12% YoY 22% 121.4 FY22 45#46FY22 FY21 Revenue £560m +33% £421m Adj. EBITDA £121m +12% £109m Capit- alisation £(5)m £(20)m Adj. EBITDA: add back capitalisation ... £117m +31% £89m 46#47Our growth and profitability allows us to reinvest for the long-term. £76bn Volume. +40% y/y £560m Revenue. +33% y/y £372m Gross profit. +43% y/y £113m Free cash flow 93% of Adj. EBITDA £121m Adj. EBITDA 22% margin 47#48Guidance. 30-35% Growth in FY23 Revenue >20% Medium-term growth (CAGR) Adjusted EBITDA margin Maintained at or above 20% over the medium-term 48#49Wise 3 Onwards.#50In summary... Massive, growing opportunity Focused on long-term growth Superior product Sustainable financial model 50#51Wise 51#52Disclaimer This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire or dispose of securities in any company within the Wise Group (the "Group"). This presentation may include forward-looking statements, including within the meaning of the US Private Securities Litigation Reform Act of 1995, which are based on current expectations and projections about future events. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target", "believe", "expect", "aim", "intend", "may", "anticipate", "estimate", "plan", "project", "will", "can have", "likely", "should", "would", "could" and any other words and terms of similar meaning or the negative thereof. These forward-looking statements are subject to risks, uncertainties and assumptions about Wise and its subsidiaries. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur. Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation that trends or activities underlying past performance will continue in the future. No representation or warranty is made or will be made that any forward-looking statement will come to pass. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Details of the potential risks and uncertainties affecting the Wise Group are described in the Group's filings with the London Stock Exchange, including in the TransferWise Ltd Annual Report and Accounts 2021. The forward-looking statements in this report speak only as at the date of this report. Wise expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this report and disclaims any obligation to update its view of any risks or uncertainties described herein or to publicly announce the results of any revisions to the forward-looking statements made in this report, whether as a result of new information, future developments or otherwise, except as required by law. This presentation also includes certain non-International Financial Reporting Standards ("IFRS") financial measures, including Adj. EBITDA, Adj. EBITDA margin, Free Cash Flow and Free Cash Flow conversion. These measures may not be comparable to similarly-titled measures used by other companies, and are not measures of the Group's financial performance under IFRS. Adj. EBITDA is defined as profit for the year before income taxes, interest, depreciation and amortisation and share based compensation expense, exceptional costs and after customer balances interest. Adj. EBITDA margin is defined as Adj. EBITDA divided by revenue. Free Cash Flow is defined as the net cash flows from operating activities less the change in working capital (excluding the change in collateral and other pass-through items), the costs of purchasing property, plant and equipment, intangible assets capitalisation and payments for leases. Free Cash Flow conversion is defined as Free Cash Flow divided by Adj. EBITDA. 52