• Fusion exceeds $1 billion in NAV after just 12 months since its launch, significantly outpacing initial projections
• Fund is now oversubscribed with quarterly subscription caps implemented to maintain return targets;
• Delivered c.20% net NAV growth in first full year, outperforming 15-17% target;
• Strong client demand, driven by institutional-like access to Hg’s specialist software investment expertise and more flexible structure;
• Hg’s private wealth strategy has been supported by a global partnership with UBS, regional private banks and a growing presence in APAC, following Hg’s office opening in Singapore.
• Fusion represents one of the first ‘private wealth’ offerings from a specialised and sector-focused private equity firm.

LONDON, April 8, 2025 /PRNewswire/ — Hg, a leading investor in European and transatlantic software and services businesses, today announces that Fusion, its open-ended investment vehicle for private investors, has surpassed $1 billion in net asset value (NAV), significantly ahead of schedule. As of 31st March 2025, the NAV was $1.2 billion

Strong demand from private investors, family offices and Hg’s network of founders propelled the Fund beyond the $1 billion milestone in Q1 2025. The fund is now oversubscribed with a queue of clients waiting to access it, leading Hg to implement quarterly subscription caps to maintain its return target.

Fusion was launched at the end of 2023 by Hg Wealth, a dedicated team that sits within Hg, providing investment opportunities exclusively to individual clients and their wealth advisors, as well as family offices.  The early momentum of Hg’s private wealth strategy has been supported by a global partnership with UBS, alongside a few select regional private banks, and a growing presence in APAC, following the opening of its Singapore office in 2024.

Performance in its first 12 months was positive with c.20% net NAV growth, above its target of 15-17% annual net returns. This was mostly driven by strong growth in the underlying Hg portfolio companies, which delivered revenue growth of 22% and EBITDA growth of 23%, with an average EBITDA margin of around 32%.

Martina Sanow, Partner and Head of Hg Wealth, said: “The response we’ve seen from clients has surpassed all our expectations and represents a wider shift in private wealth investing. Sophisticated investors want to diversify with access to specialised strategies that can deliver consistent returns through market cycles. Our long-term track record and focus on software resonates strongly with this client group and I am excited that we are now able to offer private investors the same access to the Hg platform as our institutional investors.”

Fusion provides individuals, outside the US, with the opportunity to access Hg’s funds, and co-investments in companies alongside Hg’s funds, through a single commitment. As an open-ended and long-term capital investment opportunity, it represents one of the first ‘private wealth’ offerings from a specialised and sector-focused private equity firm, paired with bespoke service and client support.

The Hg Wealth division, which manages Fusion, has continued to expand to support increasing client demand. The dedicated team now comprises 12 members globally, with more new hires expected over the next year.

Justin Von Simson, Managing Partner, Senior Leadership Team, at Hg, said: “This momentum underscores the value of specialisation in private markets. Our focus isn’t just about picking sectors but about truly understanding how software businesses scale and providing the operational expertise to accelerate their growth. With our portfolio companies actively embracing opportunities in GenAI, we’re also demonstrating how sector specialists are well placed to help businesses stay ahead of transformational technology trends.”

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Hg’s sector specialism and 25-year long track record is well recognised. It ranked 1st as the best performing European large-cap private equity firm by HEC / Dow Jones in 2025.

About Hg

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come.

Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and around $75 billion in funds under management support a portfolio of around 50 businesses, worth over $160 billion aggregate enterprise value, with around 115,000 employees, consistently growing revenues at more than 20% annually.

Interests in Fusion have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the applicable securities laws of any United States state or any non-United States jurisdiction. The interest in Fusion may not be offered, sold or delivered directly or indirectly in the United States or to or for the account or benefit of any “U.S. Person” except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state laws. As such, any “U.S. Person” may not receive and should not act or rely on this Press Release or any other materials related to Fusion.

The information contained in this Press Release is being made available solely for information purposes. Any potential investors are urged to carefully read the applicable Prospectus and other materials in their entirety before making an investment decision.

Any potential investors should conduct their own investigations and analysis of Hg, Fusion and the information set forth in the applicable Prospectus and other materials. Nothing in this Press Release or the other applicable materials should be construed as a recommendation to invest in any securities or as legal, accounting or tax advice. Before making any decision to invest in Fusion, potential investors should carefully review information relating to Hg and Fusion and consult with their own legal, accounting, tax and other advisors when considering the merits of any investment.

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VICTORIA, Seychelles, April 8, 2025 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, unveils Bitget Onchain — a groundbreaking innovation that bridges the best of CEX and DEX. By combining the speed, security, and simplicity of centralized platforms with direct access to emerging on-chain assets, Bitget Onchain redefines how users discover and trade the next wave of crypto opportunities.

Bitget Onchain provides on-chain asset transactions directly on the Bitget App, for users utilizing a spot account with USDT or USDC. This integration will offer exchange-level trading experience without inherent complexity, simplifying the process of on-chain transactions for even new traders. The product will initially support Solana, BNB Smart Chain (BSC), and Base, featuring an initial batch of tokens including RFC, KTA, and 30 more.

With security as the focus, Bitget Onchain incorporates centralized exchange-level protection to ensure a secure trading environment, even on-the-chain. Offering a broad selection of on-chain assets with real-time availability, Bitget Onchain provides access to early-stage tokens and emerging market opportunities. Continuous updates ensure users can navigate evolving trends efficiently, catering to both new and experienced traders.

Leveraging AI, Bitget Onchain will introduce AI-driven smart screening to enhance investment precision by leveraging advanced algorithms to conduct real-time filtering of on-chain assets. This capability minimizes exposure to uninformed investments, enabling users to make strategic and data-driven decisions.

“On-chain trading has long been riddled by complex set-ups, requiring users to navigate unfriendly interfaces and expose themselves to risks. Bitget Onchain was created to lower the barrier to entry, by providing a seamless and secure trading experience,” said Gracy Chen, CEO at Bitget. “Bitget Onchain will bridge the gap between centralized and decentralized trading, making web3 more accessible to all,” she added. 

Bitget has consistently integrated AI into its ecosystem, enhancing trading precision, security, and user experience. Key AI-driven features include smart trading bots for automated strategies, AI-powered risk management tools, predictive analytics for market trends, and AI-enhanced copy trading to optimize investment decisions. With the launch of Bitget Onchain, AI-driven smart screening further refines asset selection, minimizing risk and improving trading efficiency.

Bitget Onchain represents Bitget’s pursuit of innovative and smart solutions within the crypto exchange industry, integrating user experience with advanced security and market insights. By combining accessibility with highly advanced tools, Bitget Onchain aims to be the go-to platform for on-chain asset trading, bringing users even closer to Web3.

To utilize Bitget On-chain’s features, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit:Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

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New GSMA report highlights 16% growth in mobile money transaction values, reaching $1.68 trillion

LONDON, April 8, 2025 /PRNewswire/ — Mobile money reached two significant milestones in 2024, surpassing two billion registered accounts and over half a billion active monthly users worldwide. The industry, which took 18 years to achieve one billion registered accounts and 250 million active users, has doubled in size in just five years, according to the GSMA Mobile Money Programme’s ‘State of the Industry Report on Mobile Money 2025.’

In 2024, mobile money processed around 108 billion transactions, totalling over $1.68 trillion. Transaction volumes grew by 20%, while transaction values increased by 16%, reflecting the industry’s robust expansion.

Vivek Badrinath, GSMA Director General comments: “Mobile money has emerged as a powerful driver of financial inclusion and economic growth. Its continued success depends on supportive regulatory environments that promote innovation, accessibility and help unlock the full socio-economic potential. To ensure mobile money remains accessible, affordable, and safe, it is vital for governments and regulators to work with financial service providers to support financial literacy programs, empowering underserved populations and opening new opportunities for financial decision-making.” 

Mobile money has become a key driver of economic development. By 2023, countries with mobile money services saw a $720 billion boost to their GDP, reflecting a 1.7% increase. In Sub-Saharan Africa, mobile money added approximately $190 billion to GDP in 2023.

Sub-Saharan Africa remains the global leader in mobile money, with new accounts rising in East and West Africa. East Africa led growth in active accounts in 2024, followed by Southeast Asia and West Africa. East Asia-Pacific also showed strong growth, particularly in Cambodia, Fiji, the Philippines, and Vietnam, where enabling regulations fostered success.

Many providers in East Asia-Pacific have evolved into full-service financial platforms, offering products like credit, savings, and insurance. By June 2024, 44% of providers offered credit services, making it the most common adjacent financial product.

Despite the growth, several barriers remain, notably among women. Eight of the 12 countries surveyed still showed disparities in mobile money ownership between men and women, with limited awareness and digital financial literacy as significant barriers. Mobile money providers are addressing these issues, with nearly 60% launching digital literacy initiatives to drive adoption and close the gender gap.

To read the full press release, please visit this link.

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