Plans for money transfer services provider Wise to move its primary stock market listing from the UK to the US have been approved by a High Court judge.

The British company announced the proposal last June to switch its primary listing from the London Stock Exchange to the Nasdaq composite by creating a new holding company, in a bid to tap into a wider pool of banking customers and investors.

It also disclosed plans to extend the voting rights of so-called Class B shareholders by another decade.

In July last year, Wise’s co-founder, Taavet Hinrikus, described the firm’s plans as “inappropriate and unfair” in a letter to shareholders through his investment vehicle Skaala Investments OU, which owns about 5% of shares in the fintech company.

But at a hearing on Monday, barristers for Wise asked a judge to approve the plans, which they said had been unanimously recommended by its directors and approved by the majority of shareholders.

Mr Justice Hildyard said that the “sub-plot” involving Mr Hinrikus was…