Finablr, a global platform for payments and foreign exchange solutions, is reportedly seeking to raise $200 million as it prepares to list on the London Stock Exchange. Finablr describes itself as a global platform that brings together full-service Payments and Foreign Exchange solutions underpinned by proprietary technology. Finablr reported that its network has a global reach spanning to more than 160 countries.
“Operating at the confluence of finance and technology, the Finablr platform has been built to meet the emerging needs of today’s financial consumers – and the businesses that serve them. We combine a deep understanding of the Payments and Foreign exchange industry with expertise of regulatory alignment and Best-in-Class operational capabilities.”
According to The Telegraph, Finablr has revealed it hopes to raise the $200 million from the sale of new stock and some existing shares and it plans to sell 25pc of its equity. Binay Shetty, Finablr Executive Director, notably stated:
“We are delighted to be announcing our intention to float Finablr on the London Stock Exchange. Over the last four decades we have built global assets firmly rooted across the payments and foreign exchange markets.”
Finablr’s Founder went on to add that it is now “the right time to consider the future growth of Finablr”. The company plans to use the net proceeds to fund its future expansion efforts.