Estonian FinTech LHV is applying for a banking licence here in the UK.
In Brief:
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LHV has been providing payment services in the UK since 2018.
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It currently works with FinTechs such as Transferwise and Coinbase.
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It wants to provide banking services to FinTech clients.
What does this mean?
LHV will separate its Estonian and UK businesses when it gains its banking licence. In the three years it has been in the UK, it has quadrupled its client base here.