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The number of companies that floated in London plunged this year as uncertainty over Brexit put off investors from backing firms seeking to raise substantial funds on public markets. This year, 36 firms completed initial public offerings (IPOs) on the London Stock Exchange, according to data from the bourse, the lowest in some ten years….
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Goldman Sachs has led a $15m funding round for Indian credit fintech ZestMoney as the start-up continues its rapid expansion. The Bangalore-based firm said that existing investors Naspers Fintech, Quona Capital, and Omidyar Network also took part in the cash call. The business lends and helps boost the credit scores of its target market of…
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Forex has become the asset class of choice for many beginner traders around the world, mostly because of the vast range of pairs to trade and the cheap and easy access to Forex apps and brokers. With the rise in demand for apps on the go, we’ve seen a dramatic increase in the offering of…
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Crowdfunding platform Seedrs and Oval Money have formed a joint venture that will allow European customers to invest in the personal finance fintech’s early-stage funding from one app. The move comes as London-based Oval launches A £1m cash call on the country’s largest crowdfunding platform. This follows a £4m cash injection from Milan-based asset manager…
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What happened today? Japanese investment powerhouse SoftBank posted a $6.5bn quarterly operating loss, its first in 14 years, after it was forced to write down the value of a string of high-profile investments. This compares to a $6.5 profit in the same period a year ago. The firm’s billionaire colourful founder Masayoshi Son (pictured) told…
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Airbnb said it will ban “party houses” after five people were killed at a Halloween party in the San Francisco last week. The move was announced by the firm’s co-founder and chief executive Brian Chesky (pictured) in a series of tweets over the weekend. He said the lodging platform would expand manual screening of “high…
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Spotify’s finance boss will leave the firm after guiding the streaming giant to its unorthodox stock market flotation. Chief financial officer Barry McCarthy will step down next year and will be replaced by Paul Vogel, who is currently the firm’s head of investor relations. The music streaming service added its premium subscribers jumped by 26…
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Fintech start up Greensill has landed a $655m investment to launch a new service that will target payday lenders. Japanese conglomerate Softbank has backed the funds for London-based firm, whose main business is to provide small firms working capital finance to run their day-to-day operations, to cover payments due from large corporations. Greensill said today…
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BitPay, the project that allows citizens to spend cryptocurrency in an accessible way, has announced that gift cards in the United Kingdom are now another purchasing option, reports Crowdfund Insider. The publication notes that these gift cards could be for anywhere including Pizza Express, Nike, Ticketmaster, or even Uber. BitPay’s blog post on the news…
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Facebook’s Libra digital currency will need to “address a core set of legal and regulatory challenges” before it can carry out a single payment, warned a Federal Bank governor. Lael Brainard added: “There are likely to be financial stability risks for a stablecoin network with global reach. If not managed effectively, liquidity, credit, market, or…
