Soldo, a fintech startup based in London offers business a multi-user spending account. It has an Electronic Money Institution license from Ireland’s Central Bank. With this license, it is claimed that the company can mitigate the uncertainty around Brexit.
The fintech startup backed by Accel is licensed by FCA, the U.K. financial regulator, a European Union regulation, which lets a company get regulated in one country in EU and offer financial service across all the countries in the EU and EAA. Basically, this startup benefits from the concept of passporting.