📰 Fintech exodus

Interesting, but hardly surprising article.

How is Monzo planning for Brexit?

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It’s a good question & that’s an interesting article but it doesn’t reference any independent sources that are keeping track of multiple company’s plans.

Brexit obviously is a big deal for companies that need passporting - clearly it’s significant for the main source for that story. But that’s not all FinTech companies. I shared some commentary on this a couple of weeks ago which suggests that investors aren’t (that) concerned about the impact of Brexit -

Tom has also said something similar -

And when it comes to Monzo, they’re hiring ~5 new employees a week & plan to double the size of the company this year (to 130 - 150). So it looks like they’re pretty committed to the UK & they don’t seem to be struggling to find new team members despite that.


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