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Complii to offer off-market investment opportunities with acquisition of PrimaryMarkets

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Investors keen to gain early exposure to rising companies before they list publicly will soon be able to do so via Complii Fintech (ASX: CF1) which is set to acquire investments platform Primary Markets via an off-market takeover.

The proposed acquisition has been confirmed in the form of a Bid Implementation Agreement which would see PrimaryMarkets join Complii as a wholly owned subsidiary with minimal change to operations.

While already offering a range of capital raising services for ASX-listed companies, the acquisition of PrimaryMarkets extends Complii’s reach into the non-listed sector.

Founded in 2016, PrimaryMarkets enables the trading of securities in unlisted companies. Using the platform, privately-held companies can get access to capital via PrimaryMarkets’ network of 110,000 global investors as well as their share registry services to maintain regulatory compliance.

To date, PrimaryMarkets has listed more than 380 private investment opportunities which have generated more than $187 million in trade liquidity. Some of the better known companies to use PrimaryMarkets include cryptocurrency exchange Kraken and gaming tech company Animoca Brands which has since become a tech unicorn after the ASX kicked the company off Australia’s exchange.

With the acquisition of PrimaryMarkets, Complii would be able to facilitate the transition of an unlisted company onto the ASX once they are ready to scale their business via access to larger capital.

To read more, please click on the link below…
Source: Complii to offer off-market investment opportunities with acquisition of PrimaryMarkets – The Sentiment

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Source: https://australianfintech.com.au/complii-to-offer-off-market-investment-opportunities-with-acquisition-of-primarymarkets/

Fintech

Deals and dollars: European fintechs land $1.7B in funding rounds

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European fintechs fared well in funding rounds this week, with neobank N26 nabbing $900 million and banking infrastructure company Euroclear collecting $824.5 million. N26’s series E funding round brought the bank’s valuation to more than $9 billion. Third Point Ventures and Coatue Management led the funding round for the Berlin-based bank, and were joined by […]

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Source: https://bankautomationnews.com/allposts/retail/deals-and-dollars-european-fintechs-land-1-7b-in-funding-rounds/

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Umpqua focuses on ‘human-digital’ banking strategy amid merger

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Umpqua Bank is cultivating its “human-digital” strategy as it approaches a partnership with Tacoma, Wash.-based Columbia Bank that will boost its market share on the West Coast. “Our human-digital initiatives remain critical to our long-term strategy as our customers continue to engage with us through digital channels at an accelerated pace,” Cort O’Haver, president and […]

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Source: https://bankautomationnews.com/allposts/retail/umpqua-focuses-on-human-digital-banking-strategy-amid-merger/

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Klarna Adds Online Trip Planning with Inspirock Acquisition

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Does COVID have you dreaming up your long-awaited vacation? Consumer payment services firm Klarna’s latest acquisition may be of help.

The Sweden-based company snapped up Inspirock, an online trip planning service, for an undisclosed amount. Klarna CEO and Co-Founder Sebastian Siemiatkowski described the addition of travel planning “a natural extension of the benefits Klarna brings to payments and shopping.”

Founded in 2012, Inspirock leverages AI to help its customers explore a destination’s offerings and create personalized itineraries utilizing local expertise. On an annual basis, the California-based company sees 25+ million customers each year.

The integration will allow Klarna’s 90 million customers to use the Klarna app to pay for a trip in installments. In addition to the payment aspect, Klarna will also help users plan for their trip. Inspirock matches travelers’ preferences with over 230 million data points to optimize their travel itinerary and discover hidden gems.

“For customers, this makes the whole journey from inspiration to planning and preparing for a trip simpler, less stressful, and more fun, while enabling our retail partners to better reach and engage with their audiences by offering more personalized content,” said Siemiatkowski.

Combining travel planning with its existing payment capabilities inches Klarna towards becoming more like a super app. Founded in 2005 and with $3.7 billion in funding, Klarna offers buy now, pay later options to help users avoid credit cards while enjoying payment flexibility. Klarna also offers a shopping app to provide users with a holistic shopping experience– from payments to shipment tracking– and a rewards club it describes as the “vibeyest community in shopping.”


Photo by JESHOOTS.COM on Unsplash

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Source: https://finovate.com/klarna-adds-online-trip-planning-with-inspirock-acquisition/

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Finastra partners with Bakkt to offer crypto services to community banks, credit unions  

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Financial services software provider Finastra has tied up with Atlanta-based crypto exchange Bakkt to offer digital asset trading solutions and services to community banks and credit unions. The partnership will let smaller financial institutions enable customer access to a digital asset marketplace and wallet services offered by Bakkt, the two firms announced last week. Bakkt, […]

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Source: https://bankautomationnews.com/allposts/crypto-defi/finastra-partners-with-bakkt-to-offer-crypto-services-to-community-banks-credit-unions/

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