LONDON—British payments company Wise said it plans to move its main stock listing to the U.S., in the latest blow to European markets that have experienced a wave of defections. The details The financial-technology company specializes in cross-border transfers.

Wise Plc is planning to list its shares in the US, the latest blow to London’s stock market.While the fintech will maintain a secondary listing on the London Stock Exchange, the US will be its primary listing venue,

London’s beleaguered stock market is losing its grip on a “fabulous” fintech listing and others may follow.