Funderbeam, an investment marketplace born in Tallinn but now based in London, announced it will continue operating in the European Economic Area post-Brexit, thanks to a new licence from its home country.
The company’s UK headquarters has been serving the European market until now. The Estonian Financial Supervision Authority (FSA) issued the licence now that the Brexit transition period is over.
Though the licence is valid from today, Funderbeam said it will pause European service from this evening until the afternoon of January 4, allowing for a transition period. Active orders will remain on the marketplace during this time, the firm says.
There may be other delays afterward, too, as individual European markets get up and running. The company is looking for a head of EEA compliance to join the team. Clients outside the European Economic Area will find service with the UK branch or the company’s outpost in Singapore, which launched last year.
Photo: Funderbeam team