Holvi pulls out of UK market after just 6 months due to Covid and Brexit uncertainty

Holvi, the Finnish fintech offering banking for sole traders and small businesses, is pulling out of the UK market less than six months after launch, citing increased uncertainty due to Covid and Brexit.

“In January we were confident about entering this new market, even with Brexit ahead, but then the world changed. We never imagined what would happen with Covid and it looks like we are headed for a No-deal Brexit. Uncertainty is increasing to a point where we have to make an adult decision,” said Antti-Jussi Suominen, Holvi’s CEO.

Read more: Sifted