Wise Statements + Startups & Founders Workflow
As startup founder, you regularly handle Wise bank statements. Startup founders need to prepare financial summaries for investors, track burn rate, and reconcile multiple accounts — often without a dedicated finance team.
BankScan AI: Wise to Excel for Startups & Founders
BankScan AI converts Wise statements to Excel automatically — handling DD-MM-YYYY and multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance. Convert your startup bank statements to clean spreadsheets for investor reporting, burn rate analysis, and quick reconciliation without hiring a bookkeeper.
About Wise Statement Format
Wise multi-currency statements include transactions in multiple currencies with exchange rates. BankScan AI preserves currency codes, rates, and fee breakdowns.
Wise Statement Quirks
Wise uses DD-MM-YYYY with multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance. Common issues: Multi-currency accounts generate separate sections per currency that can fragment during parsing, transfer fee breakdowns add extra rows between transactions, and the mid-market exchange rate details create additional text within each transfer entry. BankScan AI handles all of these automatically.
How Startups & Founders Handle Wise Statements
When working with Wise statements, startups & founders need to Startup founders download bank statements to calculate monthly burn rate, prepare cash runway reports for board meetings, reconcile Stripe or payment processor deposits against revenue, and provide fi
Key terms you'll encounter: burn rate, cash runway, MRR, unit economics, cap table.
How It Works
Upload Wise statement
Drag and drop your Wise PDF. Supports PDF, CSV. Our AI handles DD-MM-YYYY automatically.
AI parses the statement
Our AI understands Wise's multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance and extracts every transaction with 99%+ accuracy.
Use in your startups & founders workflow
Download Excel ready for Xero, Fathom or direct analysis.
Wise + Startups & Founders Features
- Each transfer shows — the mid-market exchange rate used alongside the fee charged
- Multi-currency balances generate — independent statement sections per currency
- Built for Startups & Founders — Saves founders 2-3 hours per month on financial reporting, freeing time for product development and fundraising rather than manual data entry
- Software compatible — Output works directly with Xero, Fathom, Mercury
Convert Wise Statements — Built for Startups & Founders
Handles DD-MM-YYYY dates, multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance, and PDF, CSV formats automatically.
Convert Wise Statements Free