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Lanistar secures FCA approval in £10bn fintech journey
Instagram-hyped fintech that is promoted by a number of high profile celebrities across social media announces new senior hires and FCA accreditation in a mission to become a £10billion fintech Lanistar, the payment card and account provider built to match the Millennial’s lifestyle has secured approval of its application to operate as an EMD (Electronic Money Directive) Agent of Modulr (Modulr FS Limited) in the UK. This means that Lanistar can offer its customers digital accounts to send and receive payments. This is possible due to Lanistar’s EMD agent status which allows Lanistar to distribute and redeem electronic money on behalf of Modulr. Lanistar also announced its official product launch will happen later this year. Lanistar separately aims to expand to the EU shortly after and Brazil in the summer, subject to approval from the relevant regulators in those jurisdictions. As part of its vision to become a £10b