Fintech
PrimaryBid launches pan-European Connect platform
PrimaryBid, the capital markets fintech bringing individual investors into public company fundraisings, today announced the launch of its pan-European B2B “Connect” platform. This open-access technology enables investment platforms, wealth managers, retail brokers, IFAs and fintechs across the UK and in the European Union to offer IPOs, placings and bonds directly to their retail investor customers.
Connect represents a new stage of partnership with over 60 brokerage partners signed up to PrimaryBid, including the UK platforms AJ Bell, Hargreaves Lansdown and interactive investor and a number of discretionary wealth managers which collectively have contributed over £500m in transaction demand through PrimaryBid since 2020. In the EU, Connect was launched in collaboration with PrimaryBid’s strategic partner, Euronext, to facilitate pan-EU expansion and cross border capital formation. In France, Bourse Direct, Boursorama and EasyBourse are fully integrated into PrimaryBid’s Connect API enabling at-scale automated distribution, and a number of leading EU retail intermediaries are in the process of completing integration.
Investment in the PrimaryBid Connect platform reflects growing scrutiny on public companies from regulators and policymakers around the limited access everyday investors have to ‘institutional-only’ fundraisings. As an independently regulated company, PrimaryBid has the leading track-record in winning access for retail investors to IPOs and secondary fundraisings working alongside all major investment banks. PrimaryBid has completed over 200 deals since the start of 2020.
For individual investors, PrimaryBid Connect brings deals directly into their chosen investment platform, maximising the opportunity to make use of tax-efficient wrappers such as ISAs or funds on account. Partners also have a choice over their preferred interface to PrimaryBid, including straight-through API processing for digital-first platforms. Other enhancements include shareholder verification and transaction audit functionality that meet emerging best practices around deal allocation and post-deal regulatory reporting.
James Deal, PrimaryBid’s Head of UK said: “The launch of PrimaryBid Connect is an exciting milestone in our mission to deliver public inclusion in our capital markets through technology. In the UK, HM Treasury’s recent capital raising review authored by Mark Austin stated clearly that retail investors should be included in all public company fundraisings. HM Treasury is also working to remove other practical barriers to public inclusion, including arbitrary limits on retail participation in the UK Prospectus regime, soon to be reformed through the Financial Services and Markets Bill.
“The launch of Connect will enable corporate issuers and their advisers to efficiently execute on the new governance standards by accessing the broadest range of platforms and retail investors. PrimaryBid stands ready to unlock nearly ~£500 billion in retail capital for UK plc alongside our distribution partners: the PrimaryBid Connect platform is the next stage in our ambition to simplify and enhance this process.”
Eric Low, PrimaryBid’s Head of EU, added: “Encouraging retail investor participation in the capital markets is a core feature of the European Commission’s recent strategy and consultations. We are working with our European partners to simplify the capital formation process and deliver broad-based retail inclusion through technology, very much in the spirit of policymaker plans for Capital Markets Union.”
Enquiries:
Mike Coombes, VP Corporate Affairs
[email protected]
020 3026 4750
Notes to Editors:
- Across the UK, France and Netherlands there is an average of 363 primary market transactions a year, with 291 placings and over 70 IPOs (Average number of deals, 2017 to 2021 per Dealogic). Access to this area of the market is no longer reserved only for institutional investors, and issuers can tap into the vast pool of retail capital. In the UK alone, c.£400bn is held in stocks and shares ISAs, of which a material proportion is held as cash ready to be invested; this is in addition to the further c.£290bn held in cash ISAs (per ONS statistics, June 2022).
- PrimaryBid Connect comes in two forms – a ‘ready-to-go’ web-based application designed for wealth managers and smaller retail brokers, and an API solution that plugs directly into the systems of larger platforms and fintechs allowing for distribution of deals to retail investors at scale. Distribution partners can find out more about integrating IPOs and placings on partner platforms via Connect on the PrimaryBid website here.
- About PrimaryBid: PrimaryBid is a regulated capital markets technology platform connecting public companies to their communities during fundraisings. Its digital capital raising platform features both B2B and B2C interfaces, unlocking access to IPOs, follow-on raises and other instruments to individual investors, improving capital formation and driving fairness into public markets. A partner of London Stock Exchange and Euronext, PrimaryBid’s platform is host to hundreds of thousands of UK and European investors. In the UK, PrimaryBid has been used by more than 250 FTSE and AIM companies including Severn Trent, Compass Group, Taylor Wimpey, Ocado, Croda, Aston Martin. In February 2022 PrimaryBid announced a $190m Series C investment round, led by SoftBank Vision Fund 2 to drive international expansion.
SOURCE PrimaryBid
Fintech
Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Fintech
Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
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Fintech
Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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