London-based fintech unicorn TransferWise has applied for a Belgian license in Brussels, as it looks to ensure a smooth transition in the event of a no-deal Brexit.
TransferWise, for the uninitiated, is a peer-to-peer platform that offers individuals and businesses an international money transfer service that bypasses banks to keep costs down. The company has raised north of $480 million in funding, the majority of which came last November at a $1.6 billion valuation.
Brexit stage
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