UK fintech Mode to float on London Stock Exchange
Mode, a UK fintech startup established by Jonathan Rowland, co-founder and director of UK challenger Redwood Bank, is looking to raise £7.5 million through a float on the London Stock Exchange.
The company’s ambition is to transform the Mode app, that enables users to manage their sterling, euro and bitcoin from a single platform, into a super app, offering banking, payment, investment, loyalty and digital asset features, all in one.
The company also intends to leverage existing partnership with Alipay and Tencent to provide a bridge for UK and European businesses to the Chinese consumer market.
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