HSBC writes off stake in former UK fintech darling Monese
WEB2 days ago · 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...
HSBC Says Investment in British Banking Fintech Monese Is …
WEB2 days 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.”
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...
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.
HSBC writes off stake in British fintech Monese
WEB15 hours ago · Global banking giant HSBC has “completely impaired” its minority stake in UK fintech firm Monese, according to the bank’s filings earlier this year. The news follows just two years after HSBC invested $35 million in the fintech as part of a strategic partnership that intended to build on each other’s strengths.
HSBC writes off Monese stake - finextra.com
WEB2 days ago · HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech.
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.
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 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.
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...
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