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BitPesa Restructures, Secures $15M For Expansion

PYMNTS

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. BitPesa is a foreign exchange and cross-border payments platform that uses blockchain to settle transactions for corporates based in Africa.

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What Will Ant Group Look Like A Year From Now?

PYMNTS

To that end, Howard Yu , LEGO Professor of Management and Innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster that a restructuring may be on the horizon. . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO).

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Ant Group Reportedly Eyes Sale Of 30 Pct Stake In India’s Paytm

PYMNTS

The Shanghai Stock Exchange delayed Ant Group’s attempt at a record record-setting IPO after controlling shareholder Jack Ma’s clash with Chinese regulators. Howard Yu , director of IMD’s signature Advanced Management Program (AMP), told PYMNTS recently that a restructuring could be on the horizon for Ant Group.

Sales 71
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Ghana: Waiting for FDI

Global Finance

Security risk: Ghana is free from terrorist attacks, but its northern neighbor, Burkina Faso, faces attacks from Islamic militants, raising concerns about security threats in northern Ghana. The latest election in December 2024 was peaceful, with the incumbent president calling the opposition candidate to concede defeat.

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Travelex Ditches Sale After Banks Reject Offers

PYMNTS

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52
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London’s Finablr Finds $1B In Debt Charged To Company

PYMNTS

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring.

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Sri Lanka: Recovery Takes Hold

Global Finance

Security risk: Risk of terrorist attacks, intercommunal and religious tensions, violent crime, petty crime and credit card fraud. Has 26 bilateral investment promotion and protection treaties providing protection for foreign investment within the country. Pros Young population (15-29 years) 23.2%

Economics 105