Wise dealt a blow to the City after ditching its primary listing.

Money transfer firm Wise is looking into a UK banking license following the fintech ditching its primary listing on the London stock market earlier this year.

The company has reached out to financial services heavyweights in the last two months regarding roles related to starting a banking business in the UK, according to The Times.

Plans are understood to be at a very early stage with no formal application having taken place.

The move would follow a headache for the firm’s fintech peers, including digital banking juggernaut Revolut which faced a series of struggles in its pursuit of a licence.

City AM reported earlier this year the neobank was set to miss its “mobilisation” deadline . However, the fintech has re

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