Fintech sector fears further talent shortages post-Brexit

Tech leaders including venture capitalists and fintech startup founders have weighed in on how Brexit will affect the UK's booming tech sector at the Fintech Beyond Borders event during London Fintech Week.

Although it is still too early to say what impact Brexit will have on the ability of UK companies to hire and retain talent, the fintech industry is clearly thinking about the issue, and planning for all eventualities.

Talent is far more important than capital for most early stage fintech startups, according to VC Rob Moffat © Prodigy Finance

The startup perspective

Hiroki Takeuchi, cofounder of the UK fintech startup GoCardless said: "For me I think the number one thing is open access to people."

Takeuchi speaks from experience having recently had to jump through hoops to get a potential employee a visa.

He told the story: "We now need to go and put the job on some stupid website, where we wait for 90 days for a bunch of dross to apply and then we have to give a specific reason why we have rejected every single person from these job centre places and then we can make the offer, we can't make a formal offer before that. So it is a crazy, crazy system."

So how does he see this changing post-Brexit? "Everybody talks about it like it is a binary thing," he says. "Like you're either in London or not in London. I think one of the things that is likely to happen is the way companies grow is likely to be more distributed."