LSE’s biggest tech IPO ever: Blindfolded Wise begins £8bn public era July 7, 2021 The positive start to trading for fintech giant Wise, going public this morning, means the payments firm has become London’s largest ever tech listing. The firm saw its valuation swell to £8bn, marking a major boost for the capital’s tech scene. It’s a big step up from the £5bn price tag attached to the company [...]
Wise valued at £8bn in London’s biggest ever tech float July 7, 2021 Wise, one of Britain’s biggest fintech firms, has seen its valuation hit £8bn after listing on the London Exchange this morning, marking a major boost for the capital’s tech scene. Shares in the payments group, formerly known as Transferwise, began trading at £8 each in its eagerly-awaited stock market float. It follows an auction process [...]
Life after Amazon: What’s next for Jeff Bezos? July 7, 2021 Jeff Bezos has stepped down as Amazon’s chief executive, 27 years after founding the company. Now, he’s moving on to the next phase in his life and it includes space travel. Watch the full report.
Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]
Wise exec: London tech scene already at ‘critical mass’ despite Brexit July 5, 2021 A senior exec at London fintech darling Wise has said Brexit “won’t get in the way” of the capital’s tech ecosystem continuing to thrive. Speaking on City A.M.’s podcast, the firm’s Chief Financial Officer Matt Briers said that while many elements including recruiting have become “harder,” the tech climate is “already at critical mass.” Read [...]
£700bn market: UK’s digital trade talks with Singapore underpin Britain’s role as a global tech exporter July 1, 2021 The UK and Singapore launched negotiations this week on a new ambitious digital trade agreement that could remove barriers and provide access to digital trade. Government statistics show this digital trading relationship was worth £3.2bn in 2019, out of Britain’s total tech exports of nearly £63bn globally. As the value of the entire digital global [...]
Google cracks down on financial fraud and scams in UK June 30, 2021 Google says it will clamp down on financial fraud on its platforms in the UK, but the country’s watchdog says legislation will be needed to really tackle the problem. Watch the full report.
It’s all over: Softbank pulls plug on Pepper the robot, sources say June 30, 2021 SoftBank Group is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed. Watch the full report.
Yours too? 700m LinkedIn accounts allegedly for sale following data breach June 29, 2021 LinkedIn data of over 700m users has been exposed in a new data breach, according to multiple reports. LinkedIn has a total of 756m users, which means that the data of more than 92 percent of its users has been compromised in this new breach. The new dataset obtained by an unknown hacker is said to [...]
Visa snaps up Swedish open banking platform Tink for €1.8bn June 24, 2021 Visa today said it has agreed to buy Swedish open banking platform Tink in a deal worth €1.8bn (£1.5bn). Tink, which was founded in 2012, enables financial institutions and fintech firms to develop financial products and services through access to data. The company is partnered with 3,400 banks and financial institutions, reaching millions of customers [...]