It’s odd that the move comes as a ‘sunset clause’ that allows Kristo Käärmann enhanced rights here approaches expiry
Back in 2021, the arrival on the London stock market of Wise, a rapidly expanding money transfer company, generated a feelgood factor at a useful moment.
It came a month after overhyped Deliveroo flopped on debut. And, since Wise was a pure fintech business, as opposed to a pizza delivery outfit with an app, there was reason to think the UK might be getting its act together in the sector that politicians swoon over. Shoreditch’s finest, and its Estonian founders, would show the way in UK fintech. Wise sported a £9bn valuation.
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