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Friday, July 1, 2022
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Wise valued at £8.75bn as the company completes largest direct listing

Fintech company Wise broke a record last week when it debuted on the London Stock Exchange (LSE) by reaching a valuation of £8.75 billion.

Wise expects valuation of £9bn with new London listing

Wise, former TransferWise, is about to go public on the London Stock Exchange through a direct listing.

Wise launches remittance service in India

UK-based FinTech Wise (formerly TransferWise) launched its services in India as a next step to achieve the goal of becoming a global remittance service.

Wise secured £160m from Silicon Valley Bank

Silicon Valley Bank UK Branch (SVB), announced it decided to provide Wise a new £160m capital facility so the company is able to refinance its existing debt.

How are transfer apps building trust with their users?

For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*

Wise is about to opt for dual-class share structure IPO

FinTech unicorn Wise draws up plans for a dual-class share structure and plots a London float, Sky News reported.

TransferWise gets rebranded as ‘Wise’

The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.
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Revolut has joined the buy now pay later market

Revolut is piloting a new 'buy now, pay later' service in Ireland beginning this week.

Klarna in conflict with Barclays over ‘Irresponsible’ Buy-Now-Pay-Later research

Klarna’s UK executive Alex Marsh has hit out at Barclays for publishing what he called “mind-boggling” and “irresponsible”.

Starling Bank has hit 3m account milestone

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to a recent update.

Revolut teamed up with Salesforce to help grow Revolut Business

Revolut announced a new partnership with Salesforce with an aim to accelerate growth and transform the business banking arm of the digital bank.