Fintech firm Mode Global Holdings (LON: MODE) has joined the standard list and this will help to finance the launch of a payments service powered by Open Banking that would replace the need for cards.
Mode raised £7.5m in a placing at 50p a share. Trading commenced on 5 October. The share price has fallen back to 48.5p.
The company owns the Mode app, which is a digital banking app that enables users to manage assets in one place, and the JGOO payment processing company. Subsidiary Greyfoxx plans to gain FCA authorisation as an electronic money institution providing services to the other ...
