UK fintechs seek 'cure for Brexit'

UK fintechs seek ‘cure for Brexit’
Associated Press
VILNIUS, Lithuania: Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licenses 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.
Some 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 Agence France-Presse.

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