TLDR: Australian fintech EML Payment’s shares rose by as much as a third after it announced plans to wind down its Irish subsidiary, PFS Card Services Ireland. The company cited the subsidiary’s business model as no longer commercially viable or sustainable. The High Court in Dublin appointed provisional liquidators to PFS, which issues prepaid cards in the EU, and it expects to repay all of its debts to creditors.
Wow EML’s Aussie fintech zooms as Irish cards unit liquidates.
Latest from Blog
Get insights on Augmentum Fintech PLC earnings for Full Year 2023.
TLDR: Key Points: Augmentum Fintech PLC shared highlights from their annual results for the year ended March 31, 2023. The NAV per
Experts at global meet advise law to match fintech’s speed.
TLDR: Fintech experts emphasize the need for a cohesive regulatory framework that evolves with technological advancements. The conference, Harmony in Digital Finance
2023 saw a drop in Irish FinTech investments.
TLDR: Irish FinTech investment declined by 94% in 2023 compared to 2022. Global FinTech investment dropped to a six-year low in 2023.
Get ready for Trust Fintech IPO tomorrow – full details
TLDR: Trust Fintech IPO opens tomorrow Key Points: Trust Fintech is a Nagpur based SaaS Product company focusing on Core Banking Software
NX Technologies revolutionizes Automotive FinTech with $24 million funding.
TLDR: NX Technologies, an automotive payments firm, has raised $24m in a Series B investment led by PayPal Ventures. The company plans