Tag: Molton Ventures

Website Offline: SpeenInvest Startup Friday Finance Terminated Operation And Will Be Merged Into Pliant!

Fintech tamir - September 4, 2023

Friday Finance (founded as Airbank) wanted to digitize the financial processes of small and medium-sized enterprises with a multi-banking solution. Despite good funding and major expansion plans, the fintech has now surprisingly ended its business - and is selling parts of the company to competitor Pliant, FinanceFWD reports. The transaction is not said to be a "fire sale" and was not driven by Friday Finance's financial difficulties. This may or may not be the case.

Another Blow Against Revolut: Molten Ventures Reduces The FinTech’s Valuation By 40%!

Fintech tamir - June 16, 2023

Venture capital firm Molten Ventures has written down its holding in Revolut by 40%. and discounted the value of its £7 million stake in Revolut from £91.3m in March last year to £54.5m at the end of March this year. Molten Ventures follows other investors, including Schroders, which devalued its investment in Revolut by approximately 46% in April. These recent events underscore concerns about Revolut's path to profitability and the regulatory challenges it confronts.

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