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The Tell: Brexwhat? Why Brexit won’t necessarily kill London’s fintech scene

You’ve probably heard that Brexit easily could kill London as a financial hub.

You might even think the city’s smaller companies — financial-technology startups, for example — are especially in trouble after the U.K. vote in June to leave the European Union.

The potential loss of passporting, the mechanism that allows businesses to seamlessly operate across the 28 EU nations, is definitely a real problem for big banks and insurance giants in the City of London. Some stalwarts of the Square Mile are even looking at moving their European base elsewhere.

But some fintech leaders in London see upside in the EU referendum result, while others argue it will take more time to see whether the vote actually ends up wrecking the sector.

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