London
Republic to Acquire Seedrs in US$100 Million Deal to Expand Its Europe Footprint
US-based private investment platform Republic will be acquiring European online private investment platform Seedrs for about US$100 million. The deal is expected to close in early 2022. The deal also saw participation from global institutional investment management firm Davidson Kempner
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London Stock Exchange Group to Acquire Quantile for US$364 Million
The London Stock Exchange Group (LSEG) will be acquiring financial services provider Quantile Group in a deal valued at GBP 274 million (US$364 million). The acquisition is expected to close in 2022. Quantile will support LSEG’s global OTC Derivatives clearing
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Thought Machine Earns Unicorn Badge with US$200 Million Series C Fundraise
Thought Machine, a London-based cloud-based core banking technology firm, has now achieved a unicorn valuation following the closing of its US$200 million Series C funding round. The round takes the total funding raised by Thought Machine to over US$340 million.
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Revolut Acquires Point-Of-Sale System Nobly to Expand Its Services Into Hospitality
London-headquartered fintech giant Revolut announced the acquisition of ePOS software provider Nobly POS to expand its offering to serve the restaurant and hospitality sectors. Nobly has developed a comprehensive ePOS system for the restaurant and hospitality industry enabling hospitality businesses
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Melon Launches NFT Trading Platform for Social Media Influencers
Melon, a London-based decentralised Non Fungible Tokens (NFTs) and Decentralised Finance (DeFi) platform, announced the launch of its NFT trading platform for social media influencers from Instagram, YouTube, TikTok and Twitch. These influencers are now selling their viral content as
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BNPL Adoption Soars in the UK
Buy now, pay later (BNPL) arrangements are growing exponentially in the UK, gaining traction amongst both consumers and businesses. Research by consulting firm Bain & Company found that BNPL is now used by 25% of e-commerce shoppers and 20,000 merchants
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PayPal Launches Mobile POS Solution “Zettle Terminal” for Small Businesses
PayPal announced the launch of the Zettle Terminal, its new, all-in-one point of sale solution that offers increased mobility in-store for small businesses. The Zettle Terminal will now be available in the UK beginning and will continue to roll-out across
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Onfido Acquires Biometrics Identity Verification Provider EYN
Onfido, a London-based identity verification and authentication provider, announced the acquisition of complementary solution provider EYN. Details of the transaction was not disclosed. EYN’s acoustic liveness technology will be incorporated into Onfido’s Real Identity Platform with its employees joining latter’s
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London Fintech Plum Bags US$14 Million in First Close of Its Series A
London-based money management app Plum announced the first close of its US$14 million Series A round to fuel its expansion plans in Europe. The company also announced a new crowdfunding round opening on Crowdcube later in October. Plum reports that
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Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO
Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now
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