Fintech firm Wise has announced plans to buy back more than 500 million dollars (£379 million) of shares to boost investor returns despite posting lower annual profits.
The money transfer and payments firm, which switched its primary listing from London to New York in May, reported an 8% drop in pre-tax profits to 660.4 million dollars (£500.3 million) for the year to March 31, as operating expenses jumped 39% to 1.9 billion dollars (£1.4 billion).
