UK fintechs seek ‘cure for Brexit’ in Lithuania
Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licences there so they can continue to operate in the European Union. The Baltic eurozone state with a population about a third the size of London is now leading the EU in fintech with over 230 companies, according to the Invest Lithuania government agency. About two dozen have links to Britain. One of the first to come after the 2016 Brexit referendum was London-based Revolut bank. “Lithuania is currently a hub for our European operations after Brexit,” Virgilijus Mirkes, CEO of Revolut Bank in Lithuania, told AFP. “We […]
PaymentComponents partners with Codebase Technologies for the MENA region
Codebase Technologies and PaymentComponents have entered into a strategic alliance to further drive the Open Banking in the MENA region.
UK businesses eye fintech sector to help drive profitability
A growing number of UK businesses are looking to the burgeoning fintech sector to help boost profits post-Brexit.
Crypto wallet and exchange company Blockchain.com raises $120 million
Blockchain.com has announced that it has raised a $120 million funding round. The company develops a popular crypto wallet as well as an exchange.
Banking giant unveils robo-advice offering
US financial services company Goldman Sachs is entering the robo-advice space with the introduction of a service targeting retail clients.
GoCardless opens NYC base to strengthen its North American expansion
The New York office will support the company’s North American operations and growth – a market which grew 400% for GoCardless last year.
Amsterdam payment fintech unicorn Mollie enters UK
Amsterdam-based payment fintech unicorn Mollie is expanding into the UK market to help merchants with European growth post-Brexit.
Bitcoin rises above US$50,000 for first time
Bitcoin rose above US$50,000 on Tuesday US time, before falling back a bit, the first time the digital currency has hit this level.
