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The chief executive of Wise, one of Britain’s most celebrated financial technology champions, has suggested that he should be allowed to maintain his unusual power in the company beyond a previously agreed cut-off point.
Kristo Kaarmann, the billionaire co-founder, said in 2021 when he floated the money transfer business that the two-tier share structure that gives him and other early investors nine times as many votes per share as more recent backers of the company would be scrapped in July 2026.
But in an interview with The Times, Kaarmann argued that the arrangement was working for customers and shareholders and might be extended: “The question is, should we do another period of extending this? Maybe we should continue beyond 2026.”
Kaarmann emphasised that the board
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