After seeing his company become the first of its kind to expand into India, Xendpay co-founder Paresh Davdra believes Brexit could prove a boon to innovative fintech businesses looking to expand overseas. In an interview with BQ, Davdra said:
“The UK is undoubtedly the Fintech capital of the world, and as it already holds the leadership in the banking, finance and Euro clearance sectors, it’s only natural that London incubated the sector’s growth,” Davdra said.
“While Brexit is certainly challenging, it also comes at a period when the fintech companies are looking set to grow beyond the European region. It is certainly fitting coincidence that Brexit happens to be confirmed at the same time we are looking to expand.