Lightyear nabs European license

By Daniel Lanyon on Tuesday 8 March 2022

Savings and Investment

The share trading app launched in the UK in 2021 and has big plans to expand across Europe in the next few years.

Lightyear nabs European license
Image source: Martin Sokk and Mihkel Aamer

Lightyear, a fintech stock trading app, has landed a license to allow it to operate in the EU.

The London-based company, which has raised $10m and started onboarding customers in September of 2021, is aiming to build a pan-European digital wealth app with social investing features.

Its Estonian license proceeds an expected launch in Europe, expected in the first half of 2022.

Founded by early Wise, formerly Transferwise) alumni Martin Sokk and Mihkel Aamer the company has some clear Estonian roots. Nishil Parekh, Revolut’s former trading lead, is also one of its early employees leading Lightyear’s product development.

Lightyear's backers include Habito investor Mosaic Ventures, Taavet+Sten, the investment firm of Wise founder Taavet Hinrikus and Teleport’s Sten Tamkivi, as well a Metaplanet’s Jaan Tallinn and early Monzo backer Eileen Burbidge.

There are more people in Europe investing now than ever before, but there’s still a very long way to go. Our goal is to give all of Europe access to the world’s markets without hidden fees and to make investing cognitively easy. We’re excited to have such a strong group of investors that share this vision with us,” Sokk said back in September.

Sign up for our newsletters


Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.

Companies in this Article:

Revolut
Wise
Lightyear

More like this:

The AltFi Awards 2022: Here are the winners!

Editor's Pick

2 December 2022
Oliver Smith

Treecard raises $23m Series A round

1 December 2022
Daniel Lanyon

Zilch poised to axe 10 per cent of workforce

28 November 2022
John Reynolds

UK Strikes Singapore fintech deal

28 November 2022
Daniel Lanyon