4 ms·

i suspect this is being used as an excuse to leave the UK.

• shadowgovt 7y ago
  In the sense that "Brexit means N26 needs to now file a lot of license paperwork that wasn't necessary under EU law," yes.
  • luckylion 7y ago
    If they believed their business would make them money in the UK, filing paperwork wouldn't be an issue.
    • shadowgovt 7y ago
      Exactly. And it may have made them money outside of a Brexit context, and the calculus has changed post-Brexit. This was the failure mode people opposing Brexit anticipated.
    • threatofrain 7y ago
      Making money isn’t enough, there’s also opportunity cost for not just money but finite administrative attention. For the same burden they could be pursuing a much larger EU market.
    • egwor 7y ago
      I've never even heard of them....