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
Company
Finseta plc
LON:FIN
Finseta plc is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Finseta combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 150 countries in 58 currencies. With a track record of over 12 years, Finseta has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated by the Financial Conduct Authority as an Electronic Money Institution.
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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