Jupiter Money vs Wise: Revenue, Profit and Business Model
Jupiter Money had ~$13.1M of annual revenue in FY2025. Wise had $2.5B of annual revenue in FY2026 and $498.7M of net income.
Latest financial snapshot
Jupiter Money
- Latest annual revenue
- ~$13.1M (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +298.3% a year, FY2023–FY2025
Wise
- Latest annual revenue
- $2.5B (FY2026)
- Net income
- $498.7M
- Net margin
- 19.9%
- Revenue growth
- +18.7% a year, FY2024–FY2026
Financial summary
Jupiter Money
Per filings reported by Entrackr, Jupiter's consolidated operating revenue rose about 7x from ~$823,600 (₹7.1 crore) in FY23 to ~$5.94 million (₹51.2 crore) in FY24, and the net loss narrowed 23.1% to ~$27.1 million (₹233.6 crore). The standalone entity reported ~$4.15 million (₹35.8 crore) of operating revenue and a ~$32 million (₹276 crore) loss. In October 2025 the Economic Times reported that revenue had more than doubled in FY25 and the annualised run rate had passed ~$17.4 million (₹150 crore). Total funding is about $185 million, including the October 2025 round of about $15 million from Mirae Asset, BeeNext, 3one4 Capital and Gupta personally, priced at a flat valuation near $600 million. Reports say management is aiming to reach profitability within 12-14 months.
Wise
Wise reports in U.S. dollars under US GAAP for fiscal years ending March 31. FY2026 net revenue was $2,502.8 million, up 19% from $2,098.9 million in FY2025. Income before tax was $660.4 million (a 26% margin) and net income was $498.7 million, both lower than FY2025's $717.5 million and $550.3 million. In Q1 FY2027 (quarter ended June 30, 2026), net revenue rose 25% year on year to $714.0 million on $69.3 billion of cross-border volume. Wise announced a share purchase program of more than $500 million alongside its FY2026 results.
Revenue and profit by year
Jupiter Money
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$13.1M | — | — | +120.0% | Source |
| FY2024 | ~$5.9M | ~-$27.1M | -456.3% | +621.1% | Source |
| FY2023 | ~$823,600 | — | — | — | Source |
Wise
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $2.5B | $498.7M | 19.9% | +19.2% | Source |
| FY2025 | $2.1B | $550.3M | 26.2% | +18.2% | Source |
| FY2024 | $1.8B | $501.5M | 28.2% | — | Source |
Where the revenue comes from
Jupiter Money
- Card interchange
Not formally reported
A share of interchange on Federal Bank debit cards and CSB Bank Edge RuPay credit cards.
- Lending (Amica Finance)
Not formally reported
Interest and processing fees on personal loans: ~$1.79 million (₹15.4 crore) of revenue in FY24.
- Distribution commissions
Not formally reported
Fixed deposits, insurance and digital gold.
- Salary accounts
Not formally reported
Partner fees on accounts sold to employers through its sumHR payroll subsidiary. Consolidated operating revenue was ~$5.94 million (₹51.2 crore) in FY24.
Wise
- Cross-border revenue
About $1.3B in FY2026
Fees on international transfers and conversions; average take rate 0.52%.
- Card and other revenue
About $0.6B in FY2026
Mainly income from spending on Wise debit cards.
- Net interest on customer balances
About $0.8B interest income less $0.2B paid out in FY2026
Interest earned on safeguarded customer holdings, net of interest passed to customers.
Business model and strategy
Jupiter Money
How it makes money
Jupiter earns money in four main ways. It takes a share of interchange when customers spend on Federal Bank debit cards and CSB Bank Edge RuPay credit cards, including credit card payments over UPI. Its NBFC, Amica Finance, earns interest and processing fees on personal loans; that arm generated ~$1.79 million (₹15.4 crore) of revenue and a ~$147,320 (₹1.27 crore) standalone profit in FY24.
Growth strategy
Jupiter grows by cross-selling to its existing base rather than by expensive new-customer campaigns. Its levers are Edge RuPay credit cards on UPI, NBFC personal loans, employer salary accounts (helped by the 2022 sumHR acquisition), and account-aggregator money management that draws in users who bank elsewhere. It also looked at buying into a licensed bank (SBM India), but those talks ended in 2026.
Competitive advantage
Jupiter's edge is a single app that combines a partner-bank account, a UPI-linked RuPay credit card, its own NBFC credit and investments, plus account-aggregator-based tracking across other banks (over 1 million active account aggregator users).
Wise
How it makes money
Wise earns transaction revenue in two buckets. Cross-border revenue comes from the fees on international transfers and conversions; in FY2026 the average cross-border take rate was 0.52% of volume, down from 0.58% a year earlier because Wise passes scale savings back as lower prices. Card and other revenue comes mainly from spending on Wise debit cards, which reached $43.6 billion in FY2026.
Growth strategy
Wise is adding licenses and direct payment-system connections (FY2026 added South Africa, the UAE, and Thailand licenses and direct links in Brazil and Japan), signing more banks to Wise Platform (UniCredit, Raiffeisen Bank, MBSB Bank, and Capitec), and extending Assets, its product for earning a return on balances, to new markets such as Brazil.
Competitive advantage
Wise's edge is its own payment infrastructure: licenses in many jurisdictions and direct access to domestic payment systems, including new direct connections in Brazil and Japan during FY2026.
Questions about Jupiter Money vs Wise
Which company has higher revenue — Jupiter Money or Wise Group plc?
Jupiter Money had ~$13.1M (FY2025), while Wise Group plc had $2.5B (FY2026). By latest annual revenue, Wise Group plc is the larger business, with Jupiter Money showing a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
How does revenue per employee compare for Jupiter Money and Wise Group plc?
Jupiter Money has $29k / employee in revenue per employee, while Wise Group plc has $455k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Jupiter Money and Wise Group plc make money?
Jupiter Money and Wise Group plc generate revenue in fundamentally different ways. Jupiter Money: Jupiter earns money in four main ways. Wise Group plc: Wise earns transaction revenue in two buckets.
Is Jupiter Money bigger than Wise Group plc?
By last reported revenue, Wise Group plc ($2.5B (FY2026)) is the larger company compared to Jupiter Money (~$13.1M (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Jupiter Money vs Wise overview