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PYPLBEARRELYMIXEDCore thesis · 5/5

Wise leverages scale-economy-shared to widen moat

Wise intentionally compresses its take rate to pass scale savings back to customers, creating a self-reinforcing ecosystem that legacy banks and high-marketing fintechs struggle to match.

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PYPL: Wise leverages scale-economy-shared to widen moat · Zortix