Challenger bank W1tty secures UK licence

W1tty, a new fintech app, has secured an electronic money institution (EMI) licence from the UK’s Financial Conduct Authority (FCA), ahead of a launch in 2022. 

The company, which plans to be fully regulated with a banking license eventually is building an app to offer a full suite of financial services via a paid-for plan. 

It will launch its suite of products, initially targeting students and other younger people – Generation Z – in Lithuania and Poland this Autumn with other EEA countries to follow.

Read more: AltFi