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$6.6 billion fintech Wise accused by rival of harming competition

$6.6 billion fintech Wise accused by rival of harming competition

The Wise logo displayed on a smartphone screen.

Pavlo Gonchar | SOPA Images | LightRocket via Getty Images

Wise has been accused by a rival fintech company of undermining competition in the money transfer market.

Atlantic Money, a smaller foreign exchange service, made this allegation in a letter to the U.K. competition watchdog, the Competition and Markets Authority.

Shares of Wise, which debuted on the London Stock Exchange in 2021, were worth…


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