Kristo Kaarmann | FinTelegram News

Tag: Kristo Kaarmann

October 29, 2024

Wise CEO Käärmann Fined £350K by FCA for Failing to Report Tax Default Promptly

The UK Financial Conduct Authority (FCA) has fined Wise CEO Kristo Käärmann £350,000 for failing to promptly disclose a tax default, citing a breach of Senior Management Conduct Rule 4. He was fined for deliberately failing to notify HMRC of a capital gains tax liability after he sold shares worth £10m in 2017. In September 2021, HMRC subsequently added Mr Käärmann to their public tax defaulters list.

January 18, 2024

Wise Reports Revenue Growth and Upgrades Income Guidance Amidst Challenges!

Wise, a London-based FinTech and payment institution, has reported a notable 23% growth in revenue and has upgraded its income guidance. Founded by Estonian entrepreneurs Kristo Käärmann and Taavet Hinrikus in 2011, initially as TransferWise, the company is now listed on the London Stock Exchange. Wise is a kind of antithesis to London-based FinTech Revolut and focuses on product payment processing.

January 1, 2024

Wise Co-Founder And FinTech Billionaire Kristo Kaarmann is the Top Winner On The London Stock Exchange!

Fintech Wise's co-founder, Kristo Kaarmann, has become prominent in London's public markets. New data highlights that Kaarmann's stake in the foreign exchange payments company soared in value to an impressive £1.65 billion in 2023, marking a £600 million increase since the beginning of the year. This growth translates to an average daily gain exceeding £1.6 million. Not so bad for, really!

November 14, 2023

Bravo: UK FinTech Giant Wise Reported Impressive Financial Performance!

In a remarkable financial performance, UK fintech giant Wise has reported a substantial increase in profits and revenue in its latest half-year results, underpinned by favorable interest rates and growing customer engagement. The company’s total income, inclusive of interest income, soared to £656 million, marking a 58% year-over-year growth. Notably, its pre-tax profits surged by 280% to reach £194.3 million.

October 19, 2023

Meet Wise: The Flagship Beacon of the Fintech Industry!

The world of fintech has been rocked once again by the astounding performance of Wise, which has proven that innovation and profitability can coalesce seamlessly. The latest Q2 2024 figures from the money transfer juggernaut underline its monumental ascent in the financial technology domain. On 7 July 2021, Wise went public with a direct listing on the London Stock Exchange and was valued at $11 billion. Currently, in the midst of the FinTech crisis, the market cap is still an impressive $8.5 billion.

Fintech

March 31, 2021

FinTech Boom – $5B Wise IPO may be done in Facebook style

According to Sky News, the UK FinTech pioneer Wise (previously known as TransferWise) is in the final stage of its IPO preparation. The plans include introducing a dual-class share structure to keep control of the company in the hands of its founders Taavet Hinrikus and Kristo Kaarmann, and early investors. Sky News has learned that Wise and its bankers plot the creation of a new dual-class share structure as part of proposals to go public on the London Stock Exchange.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.