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- US vs. UK for the IPO!
US vs. UK for the IPO!
From Revolut’s bold IPO move to Brazil’s cartel twist
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
🤔 Revolut CEO’s thoughts on skipping the UK for a US IPO.
💻 Brazil’s cartels exploit fintech platforms—how did we get here?
📅 Game-changing fintech event you don’t want to miss.
Revolut, a $45 billion fintech unicorn led by CEO Nik Storonsky, is reconsidering the UK for its IPO, eyeing the US instead.
🚨Breaking News: Storonsky slammed UK listing rules, citing high trading costs like stamp duty and favoring the liquidity-rich US market.
⚡Wire Simplified –
Revolut is valued at $45 billion and recently received a UK banking license.
CEO Nik Storonsky believes the US is a better IPO destination due to lower costs and higher market liquidity.
UK listing laws, such as stamp duty, are seen as hurdles for companies considering going public.
Revolut is expanding services in the UK despite this IPO debate.
The fintech giant could set a precedent for other companies questioning UK financial policies.
✔️Straight to the Point –
Revolut’s potential US IPO highlights global fintechs preferring business-friendly policies. The UK might need reform to retain its edge.
🎤 Do you think Revolut’s IPO will succeed more in the US? |
Brazil's largest drug cartel is misusing fintech platforms, cryptocurrency, and even betting apps to launder massive sums of money.
🚨Breaking News: Authorities reveal that fintech innovations are a double-edged sword—simplifying transactions but also enabling drug money laundering schemes.
⚡Wire Simplified –
Brazil’s biggest cartel launders funds via fintech, crypto, sports-betting, and public transport contracts.
Fintech’s anonymity and speed make it a tool for illegal activities.
Authorities are tightening fintech regulations to curb misuse by criminal networks.
Legitimate businesses in fintech are under scrutiny due to this misuse.
The case highlights the dark side of digital financial innovations.
✔️Straight to the Point –
Fintech innovations help global finance but come with risks of misuse. Striking a balance between progress and security is crucial.
🎤 Should fintech platforms face stricter regulations? |
America can become the #DigitalAssets capital of the world.
Digital asset ETFs are a way to help expand access to digital assets for retail investors.
Here's what Krista Lynch of @Grayscale had to say on this at Flyover Fintech ⬇️
▶️Watch the video here
Do you know the common red flags of scams aimed at older investors?
🚩 Time sensitive offers
🚩 High-pressure sales tactics
🚩 Too-good-to-be-true deals
🚩 Promises of high guaranteed returns
Here are 3 easy steps on protecting yourself against fraud:
Bitcoin MENA 2024
Dedicated to the advancements in Bitcoin and its ecosystem, this event explores the latest developments and opportunities in the Middle East and North Africa regions.
Date: December 9-10, 2024 | Location: ADNEC Center, Abu Dhabi, UAE
What do you think about today’s edition? |
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