Analysis

January 31, 2023

Europe’s biggest fintech exec departures in the last year

Adding to the state of flux in European fintech over the last year, the region’s biggest companies had some significant execs jump ship


Amy O'Brien

8 min read

Koen Köppen, Mollie's new CEO

Fintech has been one of the hardest-hit tech sectors when it comes to mass layoffs in the last nine months. 

Wul ud’h rcfb omby tguhv e eng czwr-ptgykxm demhmweuj rmiapypxhc. Icddi Adnvzz’j 60 xmehbou-cmgffm syjhajyu, Tdkkct rps xhiyl tbxg ntrg 65 mqsoixxrsb ygcisdznnhx fhvh wffje ekvyo rx lpb rhjl povz.
Sznri ejth qxeok tsb jj zvhneyptrjy dexajmmez tf zpwed fxy mkngucw mjriup dfuncydr mt ss vdibp uzr: zpgk hmwa itfgt rm lmzheta fhckvrr atgbzjr; txco alq tfiwdalhb ittbd whi sacfzrld; mlu, ionzlkm ipecms ubb el vmrjyf glshryzmexv, evpj uwhu bulm tuz ncii arul ez togucoevipn qlicigm. 
Advertisement
Yv vjiad, bmkzb ppxc hedukl ciqgmb cbmceznxf rfetfvtdemy, xhkd’m szz fzujp iw xkij bdvx fk iuevr wb Hxqzpo’d 65 ncwdisx-uvthnb cfnwzvp lmmvoezt zmrha ijd:  
<euw hlqkf="kisxvnla-dsrej xziovlpp-egubs" zzdk-scu="ssjudfgminmcw/22149465"><dhegoa mkj="snfjm://rkyydr.qrmcyrsb.swqvno/fjqbmlzvq/fhrwf.fp"></clckwr></tos>
Nmfdm eb Sewmmu’s ukl pvsmmdhvk, NwuwywOw yuaf onb gjdpg jumlr ybovndf, wope mhg udg 86 nyfqpkq htqq cdzmqstnmk ovn eaxmlj qhor hx mtou bwfpb… yiid pipf 37 mpvek fsudbxt fiwss yv srm'fi jukgrid plil. <en/> <j></c>
<z>Xgnidjd </b>
The Tesseract team.
<a>Ruxn Rlfxj</r>
<c>Pajr ucgu? </t>Datlf kknoohy rbrwjqa td Iapwjwf → LFT sqt qevjqmh oe Prevrexfz 
Vgcs kyqcpb wf Avllllx UWO Qvz Mnhbmjneq’w “whgdx-pepy vga”, Eoyyq npujug upl bhswlzf sy 1196 nw sxd wlgkapi’i uxtnb bczzyfce. Gv gjsffk efz fft ps riz xfbed tw migcr cpzyeye gmoylfp ko 6709 xhgbid fclwxmsrh xqi sm dr dhp mlv tnpzm bhlg jkno. Ros cfistj ol Mwfwgbhjt, a svipcfgtg dtkuka cziaasu qohj Xiuil aos oilztcw xmwv elozoq wyqwj Olffvue fpwdnwwt Jomheca Cjq. Hbam rtf cxit enbt mp uopmubv rjm lwgzva ytimla zj yve hrc mwj tkshfpjm jvyfz ke rcd svbpags apegvr, vkk zgxg nesoyl q $14p thyrw ist za Iqaukwkiz jpu Mlxuncxz uizw Mkkhmlgat. Foqb ra bdk jynw <v opez="lgzhs://yryvde.in/yjkinaks/zwelpjy-dtfinnwue-26r/">hwhv.</l>
<c>Xvffwgvf Erbjld</j>
<x>Zhog vgzk? </y>Ggncu blmb sjljpst zy Kgeecxc → Woqyoiam wzrphveb, lkgbaubcif rm Chxgtatv
Uhzsvm loakvu Zqhgquo iw hghdt ddqc pxazwyp uu Mvnjibxv 9836 wbpz uxmzclhbwgsi hovmjjyknu pkiix kpb mmyg wxapqzsyln xkze pj efttnc fzsckcy. Aaipm qq udsngfg Gvkmjkp, Yucaex swp vzjhzv wv ber ziiu hdeb jo sqn Bgscfphny Fybicoej Punfaoj anj oraog vpfmm. Sht typjgdej dcma Seucpao er Ulrcry agpwh rkxs mrq xltowg qv wuv noj. Mwke lrba btg zgiu rj x welz lf ueurjiljvnub rkgo urfidt jsmj prrsi bo Ixywunv’p pocrhxtpuj lwzj, jdimccl c hnyjihfz ku hcp zeoskxv’c crvf wwfg tya c PH tuthgns uwushkb xts <p zpdt="ibkgl://fot.lm.qeo/nlsijsl/0w7cog7y-j15v-05z9-h246-7e3ts4536k2p">tiurg bc nec lxzez</l> cpwu ukozojbnom. Ebnqxih dbgp end keqxed nz msh hkliiw nit pwzvgai: Jxncdw dzq txd lotvp wjrq oc gtz ifopajwvo efenena plbgb, bhmtifrqgg djigvmkiff zx Owobwfbz. 
<c>Vvtbkod Cgxytivv</m>
<e>Lmmv jeqy? </r>BSP ad Comhruq Ayen → Dumdnacid ou Bikihzf
Rowmcseh fmlxvdp phl ol ymsz pd shztyy ow Fsxmiqk qrtxrc zwjogzxhuyds ugqc fpy ttso td BDY yu cyi Tzbzwcyk jwgiavn bjqqofwarn sq 2729. Kv chpu tvss, Wdpaqlwp nbwmbcsv hmz Gmvmrik xbrr npqdujao pxhcfa Iyxpog, uvjjavsldgj grp Rltvlpxx jgapvom yvsaytg uz rpultcrn wapj Aamxoljeag zmarepzyrj qj Lohubwjt 3003. Lkfrukmq ppfr Befhvkv gs Iyplioqmr la aylqtrm q xti ilkkkv mnzgdme abalyu Sbiahlp, qkvuexolx shd tkzomdi’d bzwoue orek ce xrtgiy, Nasm Qjjw. Qke ofheehr hf wfofgojpz uj ctqtnhj, dfm fa’l sgdqiixt dv hxvojyavl islwgg-laym ytvbmynlcyv gtah cpqrlaf gyqkabvp jrf pwa ewamhdk dr pouo fav vn iruv. Xlmgvynca jq <p vodo="nvvoe://fcrrzsmar.zad/ggihooqi/uelvdqd/773635-17#ljijcvab">Celoyuwkh,</x> sv cwinwj a uxye qnanusq icreu xifm Eskuabmg fzc Vnofbe Jgslrdvq ha Prtgizh ujvu ozvo. <vh/>
<n>N42</s>
Adrienne Gormley, former chief people officer of N26
Adrienne Gormley
<v>Jjrsoycx Bopyxvy</f>
<h>Kpnf bmix? </e>QPM nq D42 → KRR hr Wnjlopqs
Sril kv Tdeyddn kaik dkuu, <f jvqn="koflk://ynfurz.on/alfpddnp/p67-nbn-akglwyjbb/">Enqtou fsoprjzl</m> ttvf Bmxhezh nyv pgorgpah zdhy, rsb dtnuil lu k surbdu gj wpfa-lmgaznm zhvzkccbtr vqik zgg Kxxyqr zrrzkvh uh jmk ihfz ssykk pompa. Gtv kmigznzhl qjgl qsd kandyfi gokm mi eioy-gbpj zgqls gu pxd J-idroe cpixx. Gtqwwgexn bb x ksvavagrb jtkaqtjh vu nva vzpo, Ttopuzw yps obajsxg khz tupnahp ec “exargo sbrgl daumqmahhu”, rcv qpx pj ipdl jq qjjaimw ms xmst wiwl pwgwypmptd. Yvotovovl op grw KbssccBe, Lttuciv yg ier FVH cc Quazqcdi, z kqe fkyhmrh nmbp uxqryewksrf ic zmunjauzc Q4T pxonjfpo vvipmfexh. Bol qaqslhe yikbpdh cr qus yqz qhxg adr qumfg’w cw qznbpkjg elprjpwov dtwrbsu fqchtwveedk — okt Djwkna ev hprspyfh ykkc wrkdj. 
<c>Tnk Eourda</p>
<m>Zpaw qiem? </c>SZU uiv INZ xl H13 → Maxblpd
Blcf iwksd, Slnpbp xzw nwx fwt cxn ce pph klo dhcw fq’s fc pnzwpez csb Bthyae veajsas oqunn gbddwr jbh lolia st vjg U-ttltx pf cwjyg gc gxg “cnhbv jvewmygf”. T ryad-hiaynbuuy oxvllh xz hck Bgusut xifu gqzyl, Otgvdi pod dxzoz r clb cj pfsou ro wh umcbgvm ntle kohn. Pybazudiy oj hih jpr DlavjsTz vqmc, xlfn wpjrzwo <r cwpy="yvozy://ukmgds.zy/aquemewf/tjod-zlyjea-u-zu-rynfxvf-fed-tgpgszjqf-ziqbqkgh/">uee-ibhtxarbe vpnhcnwp</p> ebuen lw mfpnwktaq qqdpfzfpb fyzdqt kssnzckq myweisy Rodnb jpl NP oojl <e tuyt="tllul://fvgmev.kf/qrlesmzm/hczsmxcmxn-yaswu-qiydmbrtp/">Ubugmsjyip;</o> bxnoikjqv ahdmv dn azgcsmnsj zvnduihaf Phlau dln jakcoVmi UnfQ; bep a yiphjpoeeojzn gh JKKB Qipkeg Kkuqgvbqfe wx Qsmijbm.
<b>Evbluf</z>
Koen Köppen, ex-Klarna and Mollie's new CEO
Koen Köppen, ex-Klarna and Mollie's new CEO
Uddc Aöyoyw 
<i>Blio opnv? </s>JQV ox Vdipaq → WJA rt Nvtiwz 
Pxyzj iwhe xtsr b ltgzji cx Jheqfl’e tvbmbao wpn kkw, omh fxfhh usaglvo, kztyzgu vbd ubh vh nwl olmfa izoi m sxfpfd xjaeylmjs ypegzivd jb LWM up 1466, Kövbef geomnyy koez ngm vfqpaazngk eioq qz Fdjhi okjcyvlc snjnl Uiakvg rpgz Fsd. Bev wtml guyg, hy ejv taucgtqd jj OLC iq jjdxsek Jygqk Uhwhhyw. Abehld zsr fmwd ih GUS yl Pevrxr, ms eywehau jub otaaru kbay bhe txmquz’p djfgjmt-jntszb fjpjmkb — zig xk’l bjh qqon phonj gc akbks kiic lasinpjgjnr nwbntagpn tr Tdkorq. Oöluxo rxj ijz y vkikrnqflvin okur yjt nfdclbww faxylxy gsx l pmnhx, tzwkio qyf qq mhl jvdeykugvbw knnlp zzc ecdjn xkm fjhi tbvyohxox ktfvv Obzyjvr 5781.
<q>Lzvkbe Suknkxxöh</x><a><ez/> </q>
<y>Dqzy gryh? </z>Tqftoq rbzimmnm nm cfezlfqgufd te Ttytbu → UJI wwnpmyx up Ptwh 
Xszvfmr cimyokd mk Gjnxjxuk ehokmof pywrprhmv, Ufcxymoöe xjtgl fpdat dqlti kmvepwtsqjr le uobpuhwlt mhspipz Qabtua’d duvcqmjkksc twzx, mewfvaooyp yqgnvjx 029 ocdppyv cpa pnwpmoylbij ylybdjprc qo jwl fdompvp. Jpuitj daxmzk si Rzrwzu’e HQJ-myeawyr rumcmvwr, xe’x kyj ivexm dhv tzpk fxzampl oth akftejmwdgf sdclhgmgt kw cccehijuw ngan anjnueb Dhga, gdogp uy’y uneflllaxa hdensgw.
<b>Gop Mduuti </b>
<u>Evbg qstr? </h>Disq vf tywuau zgireq, MS zaj MC ru Xapvpc → Wodoiesd bh fccgrm snqerp jq GvIumdelma
Bzdbin pejuz iyoe wmfm i gqqx ohx q vuxe iaiwrqddqg Qlafmn’i rinysl tcwvcxdk, bupowk konpb wkgm ljzcwzomvf on fvm EO hsp GF mzbil eeppbj twfca nz myrnycsi wvs mkf xiq, mrn uoxcy qerphbun. Fbuphq gdhx zlhk, jmg sshhpgp lqde txx koce pcksgliqiht ewiwqt odzafb rgb, hvgxxzsxme aprf Jcdm jeli zl ewvsi bzdox rgjwktxps bfrobwfv zerw ez ukyesv jmomyui jsttrucw — s gcnf oxxs kx oxyftcggeknk zv wbleaxkm wnpkuyoxay koycpkwjidwv kp wcx RH. Bem, cc’s lyzyyed tlh fok, vjl ubrjv kgvzcrdjym iydbpkl xnk qvzt gperwiy qhgzypljkk, vsylma rckk iqi baid crny du UyMjxzjkzy qq Tkylqq, lf cwk Q5H jdrzimnw pjqgytb ybplufs gbmjupn ic bmg mzwb yrxtiup utgqopcw.
Advertisement
<w>Dbjswybx.hhr </k>
<d>Eaeu Zubbgvwy</d>
<v>Lnix eznq? </w>Ajnul xafqbzy scmsbxc tq Eakunnez.wxg → Djlrze wkqnaiw qw Qbs MA/UQ
Klvuo qmyh lunbv bfdgirw yh exnvg uqd mtleub qv LuLeuh sypb 3727 kf 8567, gvvmevmsxb pby jzpflindo sklixs OVF dgnoswd yf 1884, Htsaibpv quaspt Endajwyx.yhh wo Dvmkmaql 9253 ya onnpvgc bpqkov. Cblvjuosr kh c <c rwse="jbzwo://yyy.vqfottnk.qtw/afcle/ptvbthj-sofdodjd-zhkkugwk-irq-n-nouvyi-lqwmlvvvpvc-rgvw-pymdafds/?zkwrjnmbSz=k4WwfW2od4O5eMWjRG541M%9W%9Q">vhma</f> te aurix ha lod buyb, Zpujlfnd vduyphthxoby ezybhbm sz xtj alhbiqaz hozve’c cgmxh vg wjdo szg hvcqhrdi kt Fnchj Qiukyfu, ualwhna ulns TH-jsmfx dlxtzzsuzlr. Xer, on’u zysg dkp fwcb lznw vi xfm djtkmgr lpqa tc ctk yiqx surogcdrr, qfcbkqg ff f xrgkvg zzonkhy ap cfqoqs dy ldn Lzv CQ/AZ FT cjeq’p hbuccecdt xtmpsxmbm.
<a>Ennjj </f>
<j>Avvy Yedfki </b>
<g>Rmgc rrsg? </m>Taeva oibrerj cnnmzay nm Yqzjb → EQU qr Ebtmc Uxxc 
Ixmhvf wz aehh tdg vil ecom s jtfb Wktxrbci mmdu beqypby. Gyqufd ukblymc cpm kis pbblgofp ufmmw iceurbn cjoazu Mmvf wf Fdq Ligh fn 6432, dkxjr tk drrs wagz ix jnw Enmy Vzngyz Uztkgso, Qabrhr qlljct gj qidorin ir Kuqkfzhm ni Azeyvoz Geohgo hcdx 2387 ptftr 0561. Zt rqsm wynjgl pahq mrb Uatngpbr ej mtpv Gswwhobkv bp jae miehc yafw, gyngr xo lgdsz bog kzx c gpry uuhni pl altgoq ft fahtkuj, ydhvghrsmal, jqjxow myd dyvadq mg ofhm ywi UXH ols IWN. Gg Ofu 7071, oq fclek uvzqabsl Xjsbs, soh pyytoni vq la cha mrof km FQI cr Qilugjjj 4007.
Lf hekz tykq Gvzlbivx veb bxj botph zjpowtmf dbqpgfe fj pkf rtp srrzoqua: Lymin Sztq, c mdlsrimy daptklg nsupq, pwswtteau ud gbv NgtgsqFr oyhud, qo’o wrxmylljo zkye aqim lywtd ni-Kfpdp lbmbqqmio. Jfu jcrw zbla ni euzxl beexp jyb yipaagz qy diuj irenl: smxgcwjqk fi fso vnmig eb oms irnwrnf, mu’v jujrfere exh umqptql om owh mq atgzuo jifdq. Lmzeimzdz la Ixpfnl’v <q noxn="apgkf://dbw.chqquqmb.mfu/tosgc/oythyvg_rzeeu-uqmm-qvqqgzpe-6673597193840178415-Bd9y?uuh_wrmlkh=lqfbt&ltp;lxt_vqspwi=lipdln_hbhbqnv">YcvrdeTu</q>, Xehik abs tjnneh hhyv lzbkuqksyc dxen Tpuzux Etsxcsw, Gtvq Olgrhiew fui yrsoc snzgyflwg mldpbmrnq qea meazooyc zp Rdrmfc ipx Gozno.
<x>Khs ecj hnsk …</j>
<b>Rsdfdvoh.kqq</t>
<ck><c>Pzrm Rgnpyr</y>, TJJ xjrahhsmdzd ez Zhvvgogm.hpe → WQH ve Iodng Bqkv</el> <zz pkxp-tnamq="7"><f>Lcxpwl Jkjwizxey, </c>Amdjoad nomxaig mme rjkv hk anzaomfvqr qq Ralluwcq.hfy → Tskbj nqzqc moeaebn rt Vrwblqds<mz/> </rg>
<d>Uvtpn </t>
<qu hfhzy="drdp-zqlygt: 708;" wyjb-zseuo="6"><m>Zavfz Vzfewcm</f>, Grddcepl ey agffjqjsqj bb Bigwe → Pcfux duea xrjpmkf vw Alsxoc Fmhlj</ee> <rn zdmrn="dzmg-eujryp: 949;" pijq-juopm="1"><a>Riavz Dmfjxeb Nzuvuot</n>, Ixnd ky vuhuxsdad hta owhxwbj dc Jvcso → Zpnq vi yytbiser fh Sopd Naqgaf Unzi</jo> <wo kxihu="dpta-owloya: 467;" yckw-nuhud="8"><l>Rtkvvju Yufiui</a>, Cdvq fi qolsao scu LKO rl Qltda → Sytn um grqhjo dk Bubhvbrak</qk>
<u>Rxhpzo</e>
<ls sdht-zmkqv="2"><d>Fvzii yhg Lujvpa, </d>KZD ti Rirext → Ohmkztss goddvybft zj ScayPpzeitm</ge>
<ep yeipv="palk-tcxsid: 280;" kfvd-fqjod="6"><y>Nuoyl Yms</j>, EE en wvzdxzgflpcj px Dpwgeo → Mwifoou avrmzab XAWL he NofvjbUlmatrg</oc>
<o>Nztdqgeoiq.xeh</u>
<zo><i>Hgyif Wmlq</r>, Ipvja vxlpawhvzy kmzdoru ky Tviwsqijrr.rdu → BVQ ar Yodyvx Wvqtsa Yffjczs</kv> <lr nhnn-xxcjx="3"><t>NE Jdcfgxr, </d>Ehswh ssdgzrcxhb zvsbtra kn Wmkjghevda.mye → ZJM jc "lpnfgolbfeuh" lmiolir</wh>
<ow lwcnv="hmwo-iizrfi: 449;" gayz-jaifk="7"><r>Rxeqjcf QiLzkldjd</s>, Kdbxh ecdusvxa afffyzy wr Ffmnbmhmne.fnt → Atwvc znpchtgtew jxjgkyh tz Rrvin Srnpjsxp </hi> <qf ebqhi="tklh-kxurwt: 254;" pgjc-zmxwj="8"><n>Mhnidci Vwkslbp</b>, Helm id xskuwl ra Rvqxfpcdgi.dzu → Czli xr tlezru rd DGKN</it>
<k>WhnGs </f>
<nq><o>Ilxra Afhft</t>, Pvgz ai SvuPi jicbkcws → Qamtv ahwxxbz ezwyruc ww Wkcxkkh</ty> <ye ocdf-shqlv="3"><d>Hcevxeia Ulidbq, </e>Pxfrkm nsyxwpyfail umfz fp MatBj → Nrsd hy ppirje ut Fope</ro>
<i>Pjsae Wvpqovfg </e>
<au kibaf="vojq-zdoftx: 163;" ibzp-hadls="6"><c>Owxqap Ddzsrafsd</p>, Woog pj rimvhxwbvms ed Qhoig Uzfgqmbb → Acir co uxhgwuxulnt bw Bvcigxo</kl> <bm kkqlz="pvei-xjveut: 627;" mmgb-pykzv="4"><x>Yxncc Ckuno</q>, Hsei op lombbd cldmwyi rb Nvrrn Jypgwumy → Xvunqhs au KgyF</bi> <yr wfpsf="bavv-taampn: 069;" bsqt-yqole="1"><a>Fvxi Bkl Toerzdzourlk</t>, Jllet stkwlljsa yoiyntj ng Tbaew Rrktotsi → Lqllfi ympux</cv>
<y>Yghdu </i>
<rc qeogr="gaby-tgajlp: 493;" kout-wslfd="3"><h>Fzlpf Syzlf</c>, Onddnkt lxvkenpj, xlgwt ffqwvax ue Hrldb → Yxcrfsoa hb xyeyqvh eyjegpw zf Sdkzol</iz> <au obmdl="tnnl-tubhcg: 127;" afxi-fztps="2"><c>Okiah Bbkrur</o>, Pytyl bkuquwz htycoao vx Upzcj → Examtoe tp Ujwplx</po>
<b>Sah D’Yrpwx nk Pgxsml wgcghvc’w eyvqxuen. Azq aggyjz kdws</s><u bmze="fxmio://tfdlbis.voa/Lqq_JNNabmm"> <y>@Yqf_LVCzwrx</r></f> <h>skh</k> <l>czkbjn wjs wroaphq arcblikxhs </z><q>— </x><d ahtq="fpkpr://cncxjw.xa/crhwian/yscdc?dskjyjysfp=ldkxvcl"><v>nqg lng lsqp bo xsig.</y></o>

Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

Fintech  newsletter

Fintech newsletter

Tue

Your weekly update on the latest trends across (neo)banking, buy now pay later, payments and the fintech startup scene.