Analysis

April 26, 2022

A new wave of fintechs is targeting immigrants. But how long will it last?

In a world dominated by Wise, Revolut and Monese, can you remain faithful to just one set of consumers?


Amy O'Brien

9 min read

Pillar's cofounders Ashutosh Bhatt and Adam Lewis

Ashutosh Bhatt relocated to the UK from India fourteen years ago to work for Barclays on a “pretty good salary”. On day one, his application for an iPhone got declined. And getting a credit card? Impossible. 

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Bloom's cofounders Nina Mohanty and Dan Sorahan
Bloom's cofounders Nina Mohanty and Dan Sorahan
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Kadmos's founders Justus Schmueser and Sasha Makarovych
Kadmos's founders Justus Schmueser and Sasha Makarovych
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Norris Koppel, founder and CEO of Monese
Norris Koppel, founder and CEO of Monese
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Amy O'Brien

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

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