Robinhood scraps UK expansion plans
The fintech landed its licence last August.
Stock Exchange
nCino prices IPO above price range at $31 a share
The company sold 8.06 million shares to raise $249.86 million on 13 July.
Alibaba’s Ant plans Hong Kong IPO
“It is looking at selling between 5% and 10% of its shares in an IPO,” according to sources.
Lemonade lands $319m in IPO
The SoftBank-backed insurtech sold 11 million shares priced at $29 each.
FCA appoints LSE chief Nkihil Rathi as new CEO
Chancellor Rishi Sunak called Rathi “the outstanding candidate”.
HKEX announces sustainable finance exchange Stage
Hong Kong exchange plans to educate stakeholders on the benefits of ESG.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
iSignthis drops $1m on NSX shares to further rival ASX
The company’s subsidiary Probanx Solutions has bought 16.5 million NSX shares.
India’s central bank says there are no curbs for banks to serve crypto traders
“No such prohibition exists” for banks, says regulator.
Freetrade sets new record on Crowdcube with $5m raise
The round is its sixth crowdfund to date.
Travelex owner Finablr reveals $1bn hidden debt
Finablr’s debt sits at $1.3 billion, compared to the $334 million it reported.
SoftBank warns of $9.6bn investment losses due to coronavirus
In addition to WeWork, it also blamed the losses outside of the Vision Fund on OneWeb.
UK trading app Freetrade to launch sixth crowdfunding campaign
Last year saw the fintech raise £1 million in just 77 seconds.
Glafka Capital implements Valk’s Corda-based solution
R3’s Corda platform underpins 40 other investment banks.
Looking beyond the coronavirus trading boom
Some trading apps see their future in the saving market.
Trade Republic lands $62m in Series B funding
German firm secures one of the largest Series B funding rounds the region has ever seen.
Robinhood is raising fresh capital at an $8bn valuation
It apparently made $60 million in March – triple what it made in March 2019.
Fintech investment tips: ETFs, CFD and beyond
Opportunities for traders are no less diverse in the modern market.
Revolut loses its head of wealth and trading, a former Freetrade co-founder
André Mohamed leaves after 18 months at the challenger bank.
Video: Top fintech stories this week – 27 March 2020
FinTech Futures’ weekly news round-up.
Coronavirus: FCA announcements round-up
We collated a round-up of these notices to assist our readers on COVID-19 updates.
FCA requests listed companies delay publishing preliminary financials
It highlights that this statement does not apply to AIM-listed companies.
Stock markets decline as coronavirus crisis worsens
A further wave of dividend suspensions and cancellation of buybacks were announced.
SoftBank to sell $41bn in assets to firm up financials amid virus outbreak
The company’s share price shot up 18.6% in Japan today.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
Euronext welcomes new COO Georges Lauchard
The role will be based in Paris.
Travelex owner Finablr prepares for insolvency
Finablr processed $115 billion in transactions in 2019, and more than 1,500 firms rely on it.
UK treasury expected to push back sale of its RBS stake to 2025
A further five-year delay is put down to “turbulent stock markets”.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Public.com raises $15m with help of Will Smith and JJ Watt
The trading app is focused around making investing ‘social’.
ConsenSys-backed start-up Apex:E3 launches analytics platform
Initially focusing on digital assets, the fintech will branch out to more traditional asset classes in the future.
JP Morgan and Goldman Sachs back rival trading venue Members Exchange
MEMX is looking to rival the big three.
iSignthis to form blockchain venture with NSX to compete with ASX
NSX suspended iSignthis from trading on its platform five months ago.
An evolution in the world of trading
Traders are extremely bullish about the potential of digital assets and crypto-products.
Nasdaq names HKEX’s Roland Chai as its new CRO
Chai was previously head of post-trade at HKEX.
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
Kenya’s Standard Investment Bank plans $100m FX-focused fund
Mansa X as the fund is known, returned an average 24% and closed at $3 million.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
Heidelpay seeks acquisitions and eventual IPO
“An IPO is of course always an option for fresh capital,” says CEO Mirko Huellemann.
