“No one wants to hear about Brexit anymore, but its influence on fintech is undeniable,” says Nicolas Benady, the chief executive officer of embedded banking firm Swan. “Getting a first license in just one country is a huge task for a young startup, so if they have to choose which market, why would they choose 67 million people over 450 million people?”

https://www.bloomberg.com/news/features/2023-05-16/brexit-benefits-paris-as-fintech-startups-boom-in-france?stream=top&sref=EcccZSTc#xj4y7vzkg