Fintech company Wise’s stock tumbles after its CFO was fired and its CEO furloughed
Kristo Kaarmann, CEO and co-founder of Wise.
Eoin Noonan | Sports File | Getty Images
Stocks of a British fintech company Way slipped on Monday after the company announced its CFO Matt Briers is leaving the company next year, while its CEO Kristo Kaarman will take paternity leave from September.
Wise shares are down about 4% as of 9:15 am London time.
Briers is the second CFO of a major UK fintech company to announce his resignation this month – in May. On September 11, British digital banking startup Revolut announced that its CFO Mikko Salovaara was leaving the company after just two months in office for “personal reasons”.
https://www.cnbc.com/2023/05/22/fintech-firm-wise-stock-falls-after-cfo-quits-ceo-to-go-on-leave.html Fintech company Wise’s stock tumbles after its CFO was fired and its CEO furloughed