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Fintech

Ex-Wise employees raise $10m to build Europe’s answer to Robinhood

Investors include early Monzo backer Eileen Burbidge and Wise co-founder Taavet Hinrikus

Early Wise alumni Martin Sokk (L) and Mikhel Aamer (R) founded Lightyear in October 2020
Early Wise alumni Martin Sokk (L) and Mikhel Aamer (R) founded Lightyear in October 2020 Photo: Tom Harrison

Two former employees of British fintech firm Wise have raised $10m to fund Europe’s answer to Robinhood, bringing on board an all-star cast of investors as their new company launches in the UK.

Lightyear, which offers stock trading alongside multi-currency banking accounts, said it has closed its first seed funding round at $10m with investment from early Monzo backer Eileen Burbidge, venture capitalists Mosaic Ventures, and Wise chief technology officer Harsh Sinha.

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