World News – GB – Crowdcube and Seedrs crowdfunding companies announce plans to merge – IBS Intelligence

0

UK crowdfunding platform Crowdcube today announced a merger deal with Seedrs with the aim of creating one of the largest private equity markets The merger is expected to benefit investors with services and enhanced returns delivered by Crowdcube and Seedrs investment platforms Seedrs CEO Jeff Kelisky will assume the role of CEO of the merged company while Darren Westlake, CEO and co-founder of Crowdcube will assume the role of executive chairman

Darren Westlake, CEO and Co-Founder of Crowdcube, commented: “Equity crowdfunding has redefined the number of ambitious companies that raise investments and engage with their clients Today’s agreement is an extremely exciting step that will benefit high growth companies, their investors who believe in their vision and the broader entrepreneurial ecosystem that supports them. Together with Seedrs, we can accelerate development plans in the UK and overseas, launch innovative new products and improve the experience for our customers « 

The merged company aims to offer improved products to make it easier for companies to obtain growth finance and for investors to choose from a wider range of investment opportunities with better investment tools

The companies said the merger would be structured as an acquisition by Crowdcube of all of the outstanding share capital of Seedrs Limited through a plan of arrangement Existing Crowdcube shareholders and option holders will own 60% of the combined company, and existing Seedrs shareholders and option holders will own 40% of the combined company

Jeff Kelisky, CEO of Seedrs, said: “We are both fintech pioneers who have challenged the capital raising landscape in Europe, creating markets for private equity investments We believe you need to be a bigger player to serve the businesses and investors who support them Now is the time to come together to meet our common mission to bring about a radical change in accessibility and investment efficiency of private companies This will not only create value for ambitious companies and their investors, but also for the economies and communities they serve. As we look to the future, we will be well positioned to leverage our combined strengths and create a powerful global private equity market that will transform the global equity financing ecosystem « 

Allica Bank today announced the appointment of three senior FinTech executives in an effort to strengthen its service offering and market position in the UK The Bank has hired Conrad Ford as its new product manager, Andy Carroll as new product manager for payment accounts and Chloe Fenton as new director […]

New York-based Affinity Capital Exchange, a FinTech innovator in loyalty finance, pioneering a new class of loyalty points, announced that the company has reached an agreement with JP Morgan to work together to provide loyalty program issuers with the ability to augment secure debt financing by deploying a new class of loyalty points “We […]

Finastra unveiled Fusion Payments To Go – a prepackaged domestic and cross-border payment solution for small and medium-sized banks – offering reduced costs and risks associated with maintenance and changing market regulations S ‘ addressing IBS Intelligence at the annual SIBOS conference, Paul Thomalla, Global Head of Payments at Finastra, said the FinTech provider was […]

Today, Japan’s information technology and electronics multinational NEC Corporation announced the acquisition of Avaloq, a Swiss financial software company The acquisition of Avaloq will provide NEC with software of digital finance and domain knowledge as it enters the field globally and strengthens its business in the digital government field The acquisition is expected to […]

The UK-based Knowledge Bank has joined forces with the Financial Intermediary and Broker Association (FIBA) today to offer its criteria search system to members of the latter. give FIBA ​​members the opportunity to research a range of criteria from specialist and traditional lenders Nicola Firth, CEO of Knowledge Bank, commented: […]

Password:

Seedrs, Crowdcube, Financial Technology, Finance, Private Equity, Darren Westlake, Mergers and Acquisitions

News from around the world – UK – Crowdcube and Seedrs crowdfunding companies announce plans to merge – IBS Intelligence



SOURCE: https://www.w24news.com/news/world-news-gb-crowdcube-and-seedrs-crowdfunding-companies-announce-plans-to-merge-ibs-intelligence/?remotepost=381404

Donnez votre avis et abonnez-vous pour plus d’infos

Vidéo du jour: