Breaking News
Ascent Resources Plc to Receive £500,000
PrimaryBid, a leading online funding platform that enables investors to gain access to placings of AIM-listed companies, is pleased to announce the latest successful fundraising of £0.5 million for Ascent Resources plc (“Ascent”), sourced entirely through PrimaryBid’s proprietary crowd funding platform.
This is the third time that demand from PrimaryBid members has led to a successful investment into Ascent, further demonstrating the value of the platform to AIM-listed companies seeking to access growth capital. This is also the third PrimaryBid fundraising for AIM-listed companies announced this month, reflecting the increasing traction of the platform amongst investors.
Primary Bid has raised almost £2.4m since the site went live in beta in 2015 and demand continues to grow on the platform. PrimaryBid users are actively “watching” 50% of all AIM companies and more than 80 different AIM companies have received live bids totaling more than £46 million worth of potential equity value, since the formal launch of the platform in March 2016.
Commenting on today’s announcement, Dave Mutton, COO, PrimaryBid said:
“We are delighted to complete another successful placing for Ascent and continue to be excited by the increasing levels of activity across the platform. This clearly demonstrates the untapped demand for access to placings and fundraisings on AIM from private investors and we look forward to enabling more transactions, bringing together AIM companies with these active investors.
Colin Hutchinson, CEO, Ascent added:
“Yet again we found PrimaryBid a very effective – and inclusive – way to raise funds. The process is simple, yet offers a great way to tap into demand from investors which we may not typically be aware of, allowing us to broaden our investor base.”
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Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
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Loqbox and Blackbullion Partner to Close the Credit Confidence Gap for 450,000+ UK Students
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Platform Veteran Geoff Towers Joins Platform One Board
Geoff Towers, the CEO of multiple platforms throughout his career, has joined the Platform One board as a non-executive director.
Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
EXCLUSIVE: “Payments Re-Engineered” – Nigel Thacker, Silverflow and Victor Padee, Aevi in ‘The Fintech Magazine’
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