Fintech company Wise opens European pitch competition to Australians mumbrella.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mumbrella.com.au Daily Mail and Mail on Sunday newspapers.
Throwing money at an already heated market looks nonsensical and could lose the Treasury £2bn
The chancellor extended the deadline for the £500,000 zero band on stamp duty in England and Northern Ireland until 30 June. Photograph: Guy Bell/Rex/Shutterstock
The chancellor extended the deadline for the £500,000 zero band on stamp duty in England and Northern Ireland until 30 June. Photograph: Guy Bell/Rex/Shutterstock
Tue 4 May 2021 14.52 EDT
Last modified on Tue 4 May 2021 17.05 EDT
Surprise, surprise. Presented, or so they thought, with an end-March deadline to save a few thousand pounds on stamp duty, buyers rushed to complete their house purchases. Mortgage lending in the month reached a new record.
Wise This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Wise, one of Europe s earliest and most successful fintech firms, is exploring an IPO in 2021.
The firm, formerly TransferWise, started with cheap money transfers and is now worth $5 billion.
Insider spoke with the company s CEO, CFO, early investors, and analysts to chart its rise.
Wise, the $5 billion fintech success story, started life as TransferWise in London in 2011.
The premise was simple: Major banks made a killing in fees and foreign-exchange rates when people transferred money from one currency to another, and this startup wanted to change that.
Investment groups caution over shortcuts in listings review
One group said: There is a sense they are caving in on this
3 March 2021 • 4:52pm
Investment groups have urged the government to proceed with caution over tweaks to listing rules that the Chancellor hopes will attract a new wave of technology floats in a “Big Bang” for the City.
A raft of new measures, proposed as part of a review into public markets by Lord Hill, include reducing the requirements for a free float and allowing dual class shares in premium segments of the market such as the FTSE 100.
However, some groups have warned the proposals could weaken governance. George Dallas, policy director at the International Corporate Governance Network which has members that manage $54tn in assets, said: “There is an idolatry for these tech companies that for some reason allows governance shortcuts to be made.