UK trading platform eToro to go public in $10bn SPAC deal
Trading giant eToro has confirmed reports that it is due to list via a $10bn SPAC deal. The Israeli fintech announced it would go public at a valuation of $10.4bn after merging with FinTech Acquisition Corp. V (FinTech V), a publically-traded SPAC run by American businesswoman Betsy Cohen. A SPAC (special-purpose acquisition company) is a way for companies to go public without going through all the hassle and expense of an IPO (initial public offering). Cohen founded Bancorp, a bank holding company based in Minneapolis, in 1999 and subsequently FinTech V, which raised $250m when it listed on the NASDAQ in December 2020. As part of the deal, eToro will […]
Finland-based payment services provider Enfuce raises €7 million in Series-B round
Finland-based payment services provider Enfuce has raised €7 million in a recent Series-B funding.
Australian investors lag behind the global trend for passive funds and are playing catch up on ESG, Calastone research shows
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Zip partners with Facebook to support small businesses
Leading Buy Now Pay Later company Zip has partnered with Facebook to help support small businesses with a new limited time offer.
Global fintech Railsbank partners with neobank Volt to launch in Australia
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UK fintech SumUp raises €750m
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DTCC proposes way forward to achieving global data harmonization in derivatives trade reporting
The Depository Trust & Clearing Corporation (DTCC) today outlined a three-prong plan to further harmonize derivatives trade reporting requirements.
Malaysia among top 20 countries intrigued by cryptocurrency
Malaysia is among the top 20 countries most interested in cryptocurrency, according to a recent study by Invezz.com.
