Transferwise has obtained a license from the UK’s Financial Conduct Authority to offer retail investments to clients; while Transferwise has been primarily focused on international payments it has been starting to push into banking; in 2018 it started offering a borderless multi-currency bank account tied to a debit card; this new UK offering will allows users to invest passively in investment funds from third-party providers; TransferWise said it expects to launch its first investing feature in the next 12 months in the UK and hopes to roll out this feature to other regions after that. CNBC.
