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Simon Haslam, Chief Executive Officer of Network International commenting on its listing on the Londo
 
April 14 · Issue #138 · View online
Brainfood
Simon Haslam, Chief Executive Officer of Network International commenting on its listing on the London Stock Exchange this week:
“I am delighted that Network International will join London Stock Exchange today through a Premium Listing on the Main Market, marking an exciting new stage in our journey. Over the past few weeks we have seen significant support from the investment community and I would like to take this opportunity to welcome our new shareholders, including Mastercard, onboard. I would also like to thank all our employees, whose hard work and dedication have got us to this point. I am confident that Network International is extremely well positioned for future growth with unique scale in the world’s most underpenetrated payments markets. The Middle East and Africa are at an early stage in the shift from cash to digital payments and our new listing on London Stock Exchange will enable all new shareholders to benefit from this structural growth opportunity.”

William Vereker, Prime Minister’s Business Envoy:
“I’m delighted that Network International has chosen London for its landmark listing. London is a thriving hub for the tech community who benefit from joining an ecosystem of entrepreneurs, advisers and investors, enabling leading companies across the globe to secure funding, scale-up and grow.”
London Stock Exchange is a leading venue for both technology and MEA companies. Network International’s listing represents a number of firsts for the technology sector and MEA region, including:
  • Largest ever MEA technology IPO listed on any exchange globally
  • Largest ever MEA IPO across all sectors on London Stock Exchange
  • Largest technology IPO listed on London Stock Exchange since Worldpay raised $2.8 billion in 2015
  • Largest MEA IPO listed on any exchange globally since Saudi National Commercial Bank raised $5 billion in 2014
  • Since 2014, technology companies on London Stock Exchange have raised over $37 billion in IPO and follow-on capital

Motive Podcasts
On the Future of Finance podcast, last week we heard from Annerie Vreugdenhil, Chief Innovation Officer for Wholesale Banking at ING Group and Chairwoman of Komgo, on what it takes for a big financial institution to innovate, think like a platform, and create a culture that embraces it.
There will be no podcast next week to give you a chance to catch up and re-listen over the Easter weekend. Watch this space though, as we have some very insightful and entertaining sessions in store for you!
Upcoming Industry Events
Financial Services
RBS steps on to the digital challengers’ turf
Emirates NBD launches WhatsApp banking
Standard Chartered opens Africa eXellerator innovation hub in Kenya
Mastercard's Ed McLaughlin Wins Forbes CIO Innovation Award By Creating An AI SafetyNet
ING Ventures leads EUR19m funding round for Spanish PFM app Fintonic
FIS vows to help community banks set up digital units in 90 days
Euronext bid for Oslo Bourse edges closer to fruition
Deutsche Börse to pay $850m for analytics firm Axioma
JP Morgan launches Sepa instant payments in Europe
Barclays invests in simulation tech outfit Simudyne
FinTech
San Francisco has rising competition when it comes to big fintech startups
Fintech Insurer Lemonade Valued At More Than $2 Billion After $300 Million Funding Deal
Finablr plots London listing
Monzo set to overtake Revolut as UK’s second most valuable fintech firm after fresh funding round
Israeli Startup Riskified Is Said to Seek $200 Million Funding
Visa backs Branch for mobile-based lending in developing markets
AI-powered lender Upstart raises $50m
Kleinwort Hambros issues blockchain ETN
Regulation
ASIC & FCA Sign Co-Operation Agreement for Post-Brexit Time
CMA chides big banks for Open Banking delays
CMA9 banks respond to Open Banking mobile app delays
European regulators advise against one-size-fits-all cybersecurity policy
Dubai regulator launches fintech roadmap for the region
WeLab becomes first homegrown player to get Hong Kong virtual banking license
Key Hires
Fintech phenomenon boosts London jobs market
Fintechs Ramp Up Hiring as Big Banks Cut Jobs, Turn Defensive
Another PayPal Exec Moves to Crypto Camp, Bakkt Hires Mike Blandina
Revolut Confirms Appointment of Ex-Deloitte Partner Britton
Leverate Hires Alkis Hilton to Head Cyprus Operations
Saxo Bank Appoints Ex-LEGO VP to Strengthen Digital Offering
Cobalt Appoints Ex-Deutsche Bank MD as Strategic Advisor
M&A Activity
Funding Transactions
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