Plural Launches $436M Investment Fund to Propel European Tech Startups
Plural aims to be a more effective partner for European startups than traditional venture capital funds.
Wise Accidentally Facilitates Withdrawal for Sanctioned Russian
While the sum involved in this sanction violation might appear insignificant, it highlights the industry’s ongoing struggle to prevent breaches following global geopolitical events.
Wise Stock Jumps 18% on Customer Deposits and Higher Interest Rates
By Tolu Ajiboye
Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue.
Wise Shares Impacted by Management Shakeups Including Pending Departure of Eight-Year CFO
By Tolu Ajiboye
Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year.
Tech Observers Show Little Faith in UK IPO Market Following Arm Snub
By Tolu Ajiboye
The UK IPO market has come under scrutiny as analysts believe it has lost its appeal in attracting big-name tech listings.
UK Fintech Powerhouse Wise Accused by Smaller Rival of Questionable Competition Practices
By Tolu Ajiboye
Atlantic Money recently accused its more illustrious British rival Wise of undermining competition in the money transfer space.
FCA Investigating Wise’s Kristo Käärmann after Tax Default
The Financial Conduct Authority has launched a formal investigation to determine if Kristo Käärmann, CEO of Wise, is guilty of tax violation.
Revolut CEO Storonsky Condemns Russian Invasion of Ukraine, Sues for Peace
Revolut advocated for an immediate ceasefire, noting that war can never be a solution to any form of diplomatic row.
Wise, Remitly Put Halt on Their Services in Russia amidst Global Financial Sanctions
Wise has waived fees on more than 500,000 pounds worth of personal transfer transactions to meet emergency needs.
Starling Bank Expects Its IPO within Two Years, CEO Reveals
Starling has caught the eyes of JPMorgan and Barclays that showed interest in acquiring the digital bank. Starling Bank, however, has declined the requests.
Fintech Firm Wise Launches Feature that Lets Users Invest in Stocks
The company added that its initial plan is to launch Assets for the business and personal customers in the United Kingdom.
Fintech Wise Set to Go Public on LSX via Direct Listing
By Juhi Mirza
The fintech giant will list itself on London Stock Exchange in a Spotify style listing marking the first tech company to seek a direct listing in London.
Wise Fintech to Go Public via Direct Listing on London Stock Exchange
In the future, Wise plans to roll out OwnWise, a client shareholder program that will allow its users to own a stake in the company.
TransferWise Becomes Wise ahead of Its IPO
TransferWise is expected to move all its users from the old platform to the “Wise brand” by March this year.