HSBC Says Investment in British Banking Fintech Monese Is …
WEB1 day ago — HSBC Holdings Plc has written off its stake in software company Monese Ltd., two years after investing $35 million in the UK fintech that had once been touted as a potential “unicorn.”. Europe ...
HSBC writes off stake in former UK fintech darling Monese
WEB2 days ago — HBCYF. Monese was founded in 2015 and is based in London. HSBC has written off its holding in British fintech Monese just two years after investing $35m in the lossmaking Revolut rival once hailed as a potential “unicorn”. The banking giant “completely impaired” its remaining $5.86m stake in the nine-year-old company in March and April ...
From potential unicorn to financial struggle: HSBC ... - Yahoo News …
WEB2 days ago — HSBC has conceded a significant loss by writing off its investment in British fintech Monese, a company previously touted as a potential "unicorn". Just two years after pouring $35m into the Revolut competitor, HSBC's remaining $5.86m stake has been declared "completely impaired" as of March and April, …
HSBC writes off Monese stake - finextra.com
WEB1 day ago — HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech. This content has been selected, created and edited by the Finextra editorial team ...
HSBC-backed fintech Monese plots break-up amid mounting losses - Sky News
WEBApr 19, 2024 — HSBC-backed fintech Monese plots break-up amid mounting losses. Monese, which has two million customers, is working with Interpath Advisory on plans to split itself into two independent companies as it tries to break even, Sky News learns. Mark Kleinman. City editor @MarkKleinmanSky. Friday 19 April 2024 15:20, UK. Pic: Monese.
Monese founder to buy consumer arm in break-up - Sky News
WEBApr 29, 2024 — An HSBC-backed technology company which was in talks to raise funding at a valuation of over £1bn four years ago will this week confirm a plan to break itself up amid mounting losses.
HSBC-backed London fintech Monese warns on its future after …
WEBJan 2, 2024 — The scale of the cash crunch facing London’s tech sector has been laid bare after City-based unicorn Monese warned that its future was under threat unless it could raise additional funds.
Monese and HSBC partnership
WEBSep 19, 2022 — Monese and HSBC are closely aligned in their commitment to opening up the full extent of digital financial service possibilities. The investment is part of a broader, strategic partnership that will focus on Monese’s industry-leading, cloud-based Platform as a Service business.
HSBC-backed fintech Monese plots break-up amid mounting losses
WEBApr 19, 2024 — Led by Norris Koppel, Monese is said to have been attempting to raise additional capital during the last year, and had come under pressure from investors to consider breaking itself up. Its...
European neobank Monese nabs $35M from HSBC - TechCrunch
WEBSep 20, 2022 — Monese, the London-based fintech that provides digital banking and remittance services to consumers and businesses across Europe, has raised $35 million from global banking giant HSBC.