Company
Finablr PLC
LON:FIN
Finablr PLC is a United Arab Emirates-based payments company, which owns the Travelex, UAE Exchange and Xpress Money brands.
24 stories
Finablr agrees takeover deal in 'first major UAE-Israeli commercial transaction'
Former FTSE 250 constituent was damaged by connections to fraud-hit NMC Health and an ensuing liquidity squeeze
Travelex completes debt restructuring and axes 1,300 jobs
The transaction is being arranged through a pre-packaged administration sale of certain UK Travelex entities.
Travelex to split in two as lenders agree refinancing
Warehouse Travelex will contain the UK, Europe and North American businesses
Finablr and NMC founder Shetty alleges fraud by current and former executives
Everything was done, founder says, without his authorisation, consent or knowledge
Travelex owner Finablr appoints experienced UAE payments man as CEO
Chief financial officer Rahul Pai has also resigned
Travelex owner Finablr's auditor Ernst & Young resigns over list of concerns
Two directors also were forced to resign with immediate effect on Friday
Finablr’s UAE entity now controlled by the Central Bank, Travelex may divorce
UAE Exchange Centre is also under an investigation by the bank to verify its compliance with laws
Finablr draws up plans for potential insolvency
Shares in the Travelex owner were suspended yesterday after it had discovered around £81mln in previously unknown cheques that may have been used as “financing arrangements for the benefit of third parties”
Archive
Smart Meter Systems surges after selling some assets
A look at some of the major movers in the market on Thursday
Finablr provides further clarification on Shetty family's holdings
Finablr reckons the Travelex business has now recovered from last year's ransomware attack. Meanwhile, it has updated the market on the current Shetty family shareholding
More misery for NMC founder Shetty as Finablr’s Travelex has credit rating downgraded
Shetty and his son Biney control around 66% of Finablr, the sole owner of Travelex, through the family holding company, BRS Ventures
Finablr’s Travelex takes £25mln quarterly hit from ransomware attack, coronavirus
The bureau de change suffered a ransomware attack early this year, while coronavirus looms over full-year performance
Archive
FTSE 100 index closes in red but Wall Street gains as coronavirus still in focus
Footsie closed nearly 20 points lower at 7,446 on Monday as coronavirus fears continued to swirl
Finablr founder pledges half the company as collateral
Over 392mln shares, representing 56.03% of the company, were used as a security against a debt contracted by BRS Ventures & Holdings Limited, owned by Finablr's founder
Finablr plunges despite claims of no “material” impact from Sodinokibi ransomware
Cybercriminals demanded the currency exchange company pay US$6m (£4.6m) to restore the data
Finablr slips as Travelex subsidiary hit by cyberattack
Travelex said it had shut down its systems as a precaution after being attacked by a software virus on New Years Eve
Finablr's shares trend up as international money transfers rise
Shares in the company returned to the 174p price at the time of its flotation in May, after which they sank as low as 133p
Finablr launches money transfer feature with Samsung Electronics America
The FTSE 250-listed company previously said it continues to invest in the increasing demand for invisible payments by consumers and businesses
Finablr enjoys growth from currency exchange, cross-border payments and B2B
The Travelex owner's largest contributor of profits is now its higher-margin B2B arm
Finablr shares rally as JP Morgan and Barclays talk up Travelex owner
Finablr shares have fallen 24% since floating last month and its B2B payment technology business is being valued at around a 75% discount to the wider peer group, JP Morgan said