Wise (LSE:WISE), a leading UK-based Fintech, published annual results this week, showing a 23% increase in cross-border volume to £145.2 billion, driven by

British fintech Wise is shifting its primary listing from London to New York, joining a growing list of firms icing the London Stock Exchange.

Earlier this year, the London Stock Exchange Group — who own the stock exchange itself — produced data to suggest moving to the US was not a guarantee of success, claiming those who had done so only to see a share price decline, had seen an average price erosion of 80 per cent.

Wise boss Kristo Kaarmann (pictured) said the move to Wall Street was due to the US having the world's biggest capital markets.