Fintech PR
FNZ Shareholder feud: Board’s oppressive tactics persist as FNZ extends equity deadline without addressing core concerns
LONDON, April 15, 2025 /PRNewswire/ — FNZ has extended the deadline for three “catch-up” equity offers to 14 May 2025, in what appears to be an effort to manage growing discontent among employee shareholders.
Impacted shareholders, however, say the extension fails to address the fundamental issues: significant dilution, lack of transparency, conflicts of interest on the Board, uncommercial terms, and financial barriers that effectively exclude them from participating.
The three offers relate to equity raises in May 2024, August 2024, and most recently 12 April 2025. Together, these capital raisings have diluted employee shareholders by over US$4.5 billion – including US$1.5 billion from the most recent raise of US$500 million.
Despite the magnitude of these transactions, affected shareholders were not notified of the dilutive impact until early 2025 – months after the first two raises had already occurred. Notices regarding the 2024 raises were only issued in February this year, giving shareholders just 30 days to respond. FNZ has since extended this deadline three times, culminating in the new May cut-off.
But former employees say the real issues run deeper.
“It’s not about having more time,” said one shareholder, who asked to remain anonymous.
“The documents are complex, and I’m being asked to contribute money to retain equity that I was originally granted for years of work. That’s never been the model before.”
Another added: “The only reason I’d even consider investing is to avoid being diluted further. But the amount is way beyond what I or any of my colleagues would be able to afford. They know that, so they are just giving themselves a 200% return at the expense of my equity.”
Adding to the unease of the bullying tactics used to muzzle this shareholder class, a social media account on X (formerly Twitter) that had been sharing updates of media coverage about the situation was recently suspended. A new version of the account has since been launched at x.com/nzclassaction.
FNZ was founded in New Zealand in 2003, and remains domiciled there. The board’s actions may violate The New Zealand Companies Act 1993, and the shareholders have said that they will reserve the right to take the dispute to the New Zealand High Court if an agreement cannot be reached.
View original content:https://www.prnewswire.co.uk/news-releases/fnz-shareholder-feud-boards-oppressive-tactics-persist-as-fnz-extends-equity-deadline-without-addressing-core-concerns-302429374.html
LONDON, April 29, 2025 /PRNewswire/ — Vantage Markets is proud to launch a campaign that celebrates the essence of their partnership with Scuderia Ferrari HP, built on the pursuit of excellence, ambition, passion, and innovation. This campaign showcases the synergy between two brands, highlighting their commitment to challenge the status quo and continuous progress in their respective industries.
The pursuit of excellence, precision and performance are at the heart of both companies. Just as Scuderia Ferrari HP team meticulously works on every element of the Formula 1 car to find the peak efficiency, Vantage continuously enhances its offerings to provide users with seamless and cutting-edge experience.
Ambition drives success, whether it’s dominating the track or delivering best-in-class solutions, the campaign reflects both Vantage and Scuderia Ferrari HP’s shared drive to push limits, embrace challenges, and set new standards for success.
Passion is the force that fuels innovation and progress. Vantage is united with Scuderia Ferrari HP by a deep-rooted passion for their respective fields. The campaign captures this relentless spirit and dedication to transforming their vision into reality.
David Shayer, CEO of Vantage UK, expressed his enthusiasm: “Vantage, as well as Scuderia Ferrari HP strive for perfection in fast-paced, high-performance environments. This campaign is a testament to our shared commitment to pushing limits, embracing innovation, and always striving for greater achievements.”
As this campaign unfolds, fans can look forward to exclusive content, immersive experiences, and unique activations that bring the partnership to life. Stay connected for more updates on Vantage x Scuderia Ferrari HP Partnership, visit Vantage Markets.
About Vantage UK
Vantage UK is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) and Spread Bets on Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With 15 years of market experience, Vantage goes beyond the role of broker, providing a trusted trading platform that empowers clients to seize trading opportunities.
trade smarter @ vantage
https://www.vantagemarkets.co.uk/
Risk warning: Vantage Global Prime LLP | FRN 590299.
CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.9% of retail investor accounts lose money when trading CFDs and Spreadbets with this provider. You should consider whether you understand how CFDs and Spreadbets work and whether you can afford to take the high risk of losing your money.
Photo – https://mma.prnewswire.com/media/2675603/Vantage_Unveils_Campaign_Showcasing_Partnership___Shared_Values_Scuderia_Ferrari.jpg
Logo – https://mma.prnewswire.com/media/2506103/Vantage_15_Logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/vantage-unveils-campaign-showcasing-partnership–shared-values-with-scuderia-ferrari-hp-302440953.html
Fintech PR
Wirex Launches Wirex Business: The Ultimate Corporate Banking Platform for Web3 and Crypto Businesses
LONDON, April 29, 2025 /PRNewswire/ — Wirex, a global leader in crypto-financial services, is proud to announce the launch of Wirex Business, a comprehensive corporate banking platform designed to serve the unique needs of Web3 companies and crypto businesses.
Wirex Business offers robust tools and seamless integration of stablecoins and fiat currencies, empowering businesses to manage their treasury functions, issue corporate cards, and handle expenses efficiently in the ever-evolving Web3 landscape.
The platform enables enterprises to streamline their financial operations with advanced features such as corporate bank accounts, corporate expense and payroll Visa cards, real-time payments, instant settlement, and built-in yield on stablecoin holdings.
Designed with the self-custodial model in mind, Wirex Business ensures that businesses retain full control of their funds, giving them the confidence to manage their finances securely in a decentralized world.
Key Features of Wirex Business:
- Corporate Bank Accounts: Easily manage multiple accounts in USD, EUR, GBP and stablecoins.
- Corporate Expense & Payroll Cards: Issue physical and virtual cards for employee expenses and payroll management.
- Instant Fiat<>Stablecoin Conversion: Seamlessly convert fiat currencies into stablecoins and vice versa in real-time.
- Built-in Yield: Earn competitive yield on stablecoin holdings with no hidden fees.
- Self-Custodial Model: Maintain full control of your funds, eliminating counterparty risks.
- Reporting: Save time with automated accounting tools and advanced reporting to keep your finances in sync.
Wirex Business is designed to help Web3 companies, fintechs, and crypto businesses efficiently manage their financial operations and expand globally with ease.
The platform is currently onboarding new clients, with registration available at https://www.wirexpaychain.com/business.
“We are excited to launch Wirex Business, as it opens up new possibilities for companies operating in the Web3 and crypto space,” said Daniel Rowlands, Managing Director of Wirex Pay. “By offering a full suite of corporate banking services, including expense management, card issuance, and seamless fiat-stablecoin integration, we are empowering Web3 companies to manage their treasury and operations with the same ease as traditional businesses. The future of finance is non-custodial and Wirex is pioneering business banking for the Web3 digital age.”
Pavel Matveev, Founder of Wirex, added, “Wirex Business represents a major step forward in bridging the gap between traditional finance and the crypto world. We understand the unique needs of Web3 businesses and are proud to provide them with the tools they need to thrive in a decentralized economy.”
About Wirex
Wirex is a global crypto-financial services platform with over 6 million users worldwide. As a principal member of Visa and Mastercard, Wirex enables individuals and businesses to use, store, and exchange digital assets seamlessly alongside traditional currencies. With a commitment to innovation and user-centric services, Wirex is driving the adoption of digital currencies and advancing the future of payments.
Photo: https://mma.prnewswire.com/media/2675564/Wirex_Banking_Platform.jpg
Photo: https://mma.prnewswire.com/media/2675565/Wirex_Business.jpg
Logo: https://mma.prnewswire.com/media/2031625/Wirex_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/wirex-launches-wirex-business-the-ultimate-corporate-banking-platform-for-web3-and-crypto-businesses-302440923.html
Fintech PR
AI Investment Intelligence Firm BridgeWise Secures DIFC License and Strategic Investment from Emirates NBD to accelerate Middle East Expansion
- BridgeWise obtains DIFC license and officially launches UAE operations, marking a major milestone in global expansion.
- Emirates NBD joins BridgeWise’s Series A round, reinforcing strong regional confidence in AI-powered investment solutions.
- Ayush Khatri appointed as Regional Head for MENAT to lead operations and growth from Dubai headquarters.
LONDON, April 29, 2025 /PRNewswire/ — BridgeWise, a global AI-powered investment intelligence platform, announced its official entry into the Middle East after securing an operational license from the Dubai International Financial Centre (DIFC). This move marks a significant milestone in BridgeWise’s global growth strategy and strengthens its presence in one of the world’s most dynamic fintech ecosystems.
In tandem with the DIFC license, BridgeWise has also secured a strategic investment from Emirates NBD, one of the region’s leading financial institutions. Emirates NBD’s participation in BridgeWise’s Series A funding round—alongside investors such as the Swiss and Brazilian stock exchanges—signals robust regional confidence in the company’s mission to reshape digital investing with explainable AI.
Following this regional expansion, BridgeWise has appointed Ayush Khatri as Regional Head for the Middle East, North Africa, and Turkey (MENAT). Based in Dubai, Khatri brings extensive experience in financial services, strategy, and market development, and will lead the company’s regional operations, partnerships, and growth initiatives.
Founded in 2019, BridgeWise leverages proprietary generative AI and machine learning to deliver explainable, regulatory-compliant investment insights across 90% of listed global equities and ETFs—available in any language, including Arabic and Turkish. The platform is trusted by more than 50 institutional partners worldwide, including stock exchanges, banks, brokerage firms, and wealth managers.
“As the UAE cements its position as a global fintech hub and a launchpad for financial innovation, BridgeWise is proud to empower regional investors with smarter, more transparent investment insights—powered by explainable AI, in any language,” said Ayush Khatri. “With our DIFC license and the strategic backing of Emirates NBD, we’re committed to partnering with financial institutions across the region to deliver next-generation, AI-driven investment solutions.”
“Emirates NBD is pleased to support BridgeWise’s entry into the region. Our investment reflects our commitment to leveraging the power of AI for sharper insights and faster research that enable better decision-making,” said Neeraj Makin, Group Head of Strategy, Analytics and Venture Capital at Emirates NBD.
Tariq Chaudhary, Group Head of Wealth Management, further added, “This investment and partnership enables us to stay at the forefront of innovation while reinforcing our dedication to empowering clients with smarter tools and more informed financial guidance. BridgeWise’s AI platform brings a powerful new dimension to investor intelligence, and we see strong alignment with the future of digital finance and wealth management in the UAE.”
The DIFC license enables BridgeWise to serve banks, wealth managers, institutional investors, and trading platforms across the region under a supportive, world-class regulatory framework—aligned with the UAE’s ambition to become a global fintech powerhouse.
BridgeWise is known for its flagship tools, including:
- Bridget™ – the first AI-powered conversational assistant built for capital markets
- Equitywise – a global stock intelligence engine offering personalized, multilingual insights
- Fundwise – a fund analysis tool offering deep visibility into over 12,000 ETFs and mutual funds
The UAE launch follows BridgeWise’s expansion in Asia, Europe, Latin America, and North America—furthering its mission to anchor in high-growth, innovation-driven capital markets.
About BridgeWise
BridgeWise is a global leader in AI-driven investment intelligence, transforming how investors and institutions access and act on financial insights. Through advanced multilingual tools, equity and fund analysis, and explainable AI, BridgeWise empowers over 50 institutional clients and 25 million end users across 15 languages.
With offices in Singapore, London, Brazil, Thailand, Japan, Israel, the U.S., and now Dubai, BridgeWise partners with leading global institutions including Japan Exchange Group, SIX Swiss Exchange, B3, eToro, Nasdaq, TASE, Rakuten, KBank, and Interactive Brokers.
More about BridgeWise can be found here.
Media Contact
Jensen Matthews PR
Loredana Matei
contact@jensenmatthews.com
+971 585850304
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