Stripe and Wise Founders Push for European Tech Renaissance

The founders of Stripe and Wise are among those pushing for a European tech renaissance, calling for policy changes that would help European technology companies compete more effectively with their US and Asian counterparts.

The initiative argues that Europe has the talent and innovation capacity to build world-leading technology companies, but is held back by fragmented regulation, limited access to growth capital and a cultural aversion to risk.

The involvement of leaders from two of Europe's most successful fintech companies lends significant credibility to the movement, which advocates for a single digital market, simplified regulation and larger pools of venture capital across the continent.