Taavet Hinrikus warns money is at risk with Wise Stocks feature

Taavet Hinrikus warns money is at risk with Wise Stocks feature
Wise Stocks feature follows market moves

Stock market volatility can have a direct impact on personal accounts integrated with equity features.

Taavet Hinrikus noted that when markets perform strongly, the value in his Wise account's Stocks feature rises, while poor market performance leads to losses. He cautioned that investing via such features involves risk to the capital. The statement underscores the inherent volatility involved when linking personal accounts to stock market assets.

Earlier, Taavet Hinrikus said Wise users held $40 billion on their accounts and earned $528 million in interest during the recent financial year, according to company figures. He has also stated that Wise customers earned $528 million on $40 billion held in accounts in the final financial quarter, as reported previously. These figures reflect the scale of funds linked to Wise's personal account features.

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