Holvi statesd that ‘the UK is a challenging market’ but gives the reason for its departure as coronavirus-related disruption and ‘the UK’s uncertain regulatory landscape’, according to AltFi. The fintech’s Mastercard will cease to work come 15 October 2020 and all accounts will be closed two weeks later on 31 October 2020. Customers have until then to remove their funds held in Holvi accounts.
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