Global payments company Finablr PLC gets listed on the main market of the London Stock Exchange. The company’s shares will be listed in the premium category of the main market.
As far as the world’s leading stock exchanges are concerned, the one in London remains one of the most influential and hence, a listing on the main market of the London Stock Exchange remains a coveted prize for most companies. A listing on the LSE immediately propels a company into the center of the world’s high finance and needless to say; a strong company will always be able to raise a lot of capital if it manages its business well. In a new development, Finablr PLC became the latest company to be listed on the LSE’s main market, and it would be offered in the premium category of shares to investors. The company which involved in enabling global payments and foreign exchange remittances will also be ringing the opening bell at the LSE as a celebration of its listing.
Over the past few years, the explosion of Fintech and payment companies have been nothing short of spectacular and Finablr is only the latest in a long line of such successful companies. It has its own proprietary technology and has forged key partnerships over the years, that has made it one of the leaders in its industry. In addition to that, the company seems to be all set to grow into a payment behemoth as more and more people move to make instant payment with the help of applications like these. It has created a range of partnerships with brands like Remit2India, Swych, and Travelex, among others, which has allowed it to leverage its technology in a hugely effective way.
In such a situation, it is perhaps almost certain that the company will find a lot of takers in the LSE. The Chairman and Founder of the company Dr.B. R. Shetty said,
Today marks a momentous milestone for Finablr and the beginning of an exciting new era to support the ever-evolving needs of a global customer, and I would like to take this opportunity to thank our global patrons for their trust and faith in our commitment.
Finablr completed an astonishing 150 million transactions on its platforms, and the total volume of payments that passed through its platform stood at $115 billion.