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Clients pull more than US$400mil in May exodus
NEW YORK: Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion, making it one of the U.K.’s most highly valued fintech companies.
BENGALURU: Financing group Greensill Capital has confirmed SoftBank Group Corp’s Vision Fund has invested US$800mil in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges.
For the telecoms industry, the task of launching 5G services is a lot like going the wrong way on the moving walkways that ferry delegates around the vast Barcelona fairground that hosts the Mobile World Congress.