Fintech firm Wise stock falls after CFO quits, CEO to go on leave

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Fintech firm Wise stock falls after CFO quits, CEO to go on leave

Wise CEO and Co-Founder Christ Kaarmann.

Ian Noonan | Sports Archives | Getty Images

Shares of UK fintech companies Sensible Shares slipped on Monday after the company announced that its chief financial officer, Matt Briers, will leave the company next year, while its chief executive, Kristo Kaarman, will take paternity leave starting in September.

Wise shares were down about 4 percent by 9:15 a.m. in London.

Briers is the second chief financial officer of a major UK fintech company to announce his departure this month (May). On September 11, British digital banking startup Revolut said its chief financial officer, Mikko Salovaara, had left after just two months on the job due to “personal reasons”.

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