FinTech Futures: Top five stories of the week – 29 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Vlad Tenev cites duplicate roles and job functions and “more layers and complexity than are optimal”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Robinhood says the deal forms part of its mission to “democratise finance”.
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
The trading platform has headquarters in London and Melbourne.
Etcho wants to “empower everyone and anyone” to be able to invest their money sustainably.
A new cartoon illustrating the disconnect between public and private market valuations.
Harjas Singh will be based in the company’s London office.
Abrdn confirmed talks are taking place, but made clear nothing is finalised as yet.
The FCA has made changes to promote investor protection and make SPAC deals more accessible in the UK.
The authorisation will enable SDX to go live with a fully regulated offering.
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
The firm plans to use the funds to strengthen its payment network and explore new acquisitions.
The IPO forms part of the company’s “IPO 2022 campaign”.
The combined company plans to float on the New York Stock Exchange (NYSE).
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
The two parties claim the deal will be finalised later this year.
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
“The complaint reflects the old way of thinking,” says Robinhood.
The BaaS provider is aiming for a billion-dollar valuation.
Shares closed below $330, up a lesser 32%.
The fintech estimates a $60 billion addressable market for RPA.
The blank-check firm has already sold 41.5 million shares at €10 each.
This would see Wise circumvent the conventional IPO process.
Tencent, like Ant, holds a financial foothold in China which rivals banks.
Flywire has listed itself as profitable since its Series B funding round in 2013.
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
The lawsuit accuses Gill of “deceitful and manipulative conduct”.
Affirm is placing pressure squarely on banks and fintechs to challenge its BNPL market share.
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.
Affirm managed to halve its losses by June 2020.
The UK’s Investment Association (IA) is asking for the LSE to undergo a “rebranding”.
The broker is eyeing a listing in New York and is already in talks with Goldman Sachs.
Some crypto exchanges have delisted it while others have halted, suspended, or disabled trading for XRP.
Goldman Sachs Group and Citigroup are managing the deal.
The start-up has long struggled with its management of Black employees.
The firm has asked investment banks to pitch in the new year for roles on an impending IPO.
Israel-based brokerage firm has also recruited 300 people this year.
“If a software issue has caused the outage, an exchange might well have a claim”.