Taavet Hinrikus will be stepping down as CEO of UK-based Transferwise, just months after he said he would relocate the company’s HQ to the EU mainland. While this fits the Brexit doomsday scenarios of fintech start-ups fleeing the UK, new financings by Receipt Bank, Soldo, Tide, Curve and Revolut demonstrate that Britannia remains fertile fintech ground.
This article was published as part of Weekly Briefing No. 90
The Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
