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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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UK fintechs seek 'cure for Brexit' in Lithuania | Money


Monday, 22 Feb 2021 08:15 AM MYT
A senior official in charge of supervision at Lithuania’s central bank, Jekaterina Govina, said during the Brexit transition period, fintech companies began to search for an alternative EU harbour and thus Lithuania has become one of their primary options. Reuters pic
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VILNIUS (Lithuania), Feb 22 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. ....

United Kingdom , Vilniaus Apskritis , City Of , Sergejus Muravjovas , Sarune Smalakyte , Virgilijus Mirkes , Lithuania Is Dipocket Group , European Union , Revolut Bank , Transparency International Lithuania , Jekaterina Govina , United Kingdom Linked , Invest Lithuania , London Based Revolut , London Based Dipocket Group , Fintech Startups , Uk Brexit , Brexit Effects , Fintech Companies , Fintech Firm , Uk Fintech , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஐரோப்பிய தொழிற்சங்கம் , வெளிப்படைத்தன்மை சர்வதேச லிதுவேனியா , ஒன்றுபட்டது கிஂக்டம் இணைக்கப்பட்டுள்ளது ,