Realistically
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scotch90

Original Poster:

2 posts

How hard is it to set up a fintech “bank” in the uk?
I know there are multiple, Revolut monzo starling etc but after my own frustrations with all of the above, how difficult to get something going and a bit of traction ?

Monkeylegend

28,248 posts

252 months

How much money have you got?

scotch90

Original Poster:

2 posts

Monkeylegend said:
How much money have you got?
I have some capital, not got £25 million for a banking licence right enough, but I feel I have an idea that’s a bit different and something I could perhaps attract investment in

Monkeylegend

28,248 posts

252 months

Speak to this guy he might give you a few pointers, but he was a multi millionaire when he started his "Bank"

https://burnleysavingsandloans.co.uk/

Simpo Two

90,820 posts

286 months

Monkeylegend said:
Speak to this guy he might give you a few pointers, but he was a multi millionaire when he started his "Bank"

https://burnleysavingsandloans.co.uk/
Aha, the Bank of Dave! Glad it's still going; I thought of it the moment I read the first post.