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Flow Traders Secures New Credit Facility
Globenewswire· 2025-10-30 06:30
Core Insights - Flow Traders Ltd. has secured a new $200 million private credit facility and a $75 million revolving credit facility to enhance its trading capital base [2][3] - The interest rate on the private credit facility is SOFR + 500 basis points, which can decrease to SOFR + 450 basis points if certain financial ratios are met [3] - The proceeds from these credit facilities will primarily be used for trading capital purposes, supporting the company's growth and diversification agenda [5] Company Overview - Flow Traders is a leading global trading firm that provides liquidity across multiple asset classes and major exchanges, with a focus on being a top ETF market maker [6] - The company has expanded its expertise from trading European equity ETPs into fixed income, commodities, digital assets, and foreign exchange globally [6] - Flow Traders aims to ensure market resilience and orderly functioning by providing liquidity, enabling investors to buy or sell financial instruments under various market conditions [6] Financial Partners - Benefit Street Partners and Stone Point Credit co-led the financing, emphasizing the importance of this capital raise for Flow Traders' strategy [4] - Benefit Street Partners manages $82 billion in assets globally, while Stone Point Credit oversees more than $11.5 billion in assets [8][9]
Interim report for the nine months ended 30 September 2025
Globenewswire· 2025-10-30 06:29
Core Insights - The company achieved a revenue growth of 34.3% in Q3 2025, with an organic revenue growth of 8.5%, driven by investments in products, platforms, and AI [2][6] - The integration of Netcompany Banking Services into the Netcompany Group is progressing faster than expected, presenting new opportunities in the Financial Services Industry [4][6] - The company launched new products in the Defence and Resilience, Real Estate, and Life & Pension verticals, responding to increased demand for real-time solutions [3][5] Financial Performance - Organic revenue for Q3 2025 reached DKK 1,746.9 million, reflecting an 8.2% increase, while reported revenue grew to DKK 2,167.8 million, a 34.3% increase [6] - Organic adjusted EBITDA increased by 8.5% to DKK 332.3 million, maintaining an organic adjusted EBITDA margin of 19% [6] - The company revised its financial guidance, expecting organic revenue growth between 6% and 8% for 2025, and adjusted EBITDA margin between 16% and 18% [6] Strategic Initiatives - The company is focusing on European digital sovereignty, emphasizing solutions developed and hosted in Europe [5] - Cost synergies from the integration of Netcompany Banking Services are expected to reach DKK 300 million to DKK 350 million annually by 2028 [6] - The average number of full-time employees was 9,482, with 911 FTEs from Netcompany Banking Services [6]
MarketWise, Inc. Announces Receipt of Unsolicited Proposal
Globenewswire· 2025-10-30 03:56
Core Viewpoint - MarketWise, Inc. has received a proposal from Monument & Cathedral Holdings, LLC to acquire all outstanding equity interests for cash consideration of $17.25 per share, contingent upon the termination of MarketWise's tax receivable agreement [1] Summary by Relevant Sections Acquisition Proposal - The proposal involves acquiring all outstanding equity interests of MarketWise, Inc. and Marketwise, LLC not owned by M&C for $17.25 per share [1] - The Board of Directors is currently reviewing the proposal with its advisors [1] - There is no guarantee that this proposal will lead to a transaction, and the company will not provide updates unless a definitive agreement is reached or required by U.S. securities laws [1] Financial Considerations - The cash consideration of $17.25 per share is contingent upon the termination of MarketWise's tax receivable agreement [1]
X @Decrypt
Decrypt· 2025-10-30 02:25
Acquisition - Mastercard is in advanced discussions to acquire stablecoin infrastructure firm ZerohashX [1] - The potential acquisition price ranges from $15 billion to $2 billion [1] Industry Impact - The acquisition indicates Mastercard's interest in expanding its presence in the stablecoin and cryptocurrency infrastructure space [1]
Drip Capital Nets $50 Mn Debt To Offer Working Capital To SMBs
Inc42 Media· 2025-10-30 00:30
Founded in 2015, Drip Capital offers trade financing solutions to small and medium business (SMB) clients in India, the US and MexicoThe fresh proceeds will be utilised to scale up the startup’s trade finance platform and its volumeThe deal will also have an additional $25 Mn accordion feature, which means that Drip Capital will be able to extend its credit line without negotiating a new agreementTrade financing startup Drip Capital has raised $50 Mn (INR 441.5 Cr) in a debt funding round led by Canada-base ...
X @Bloomberg
Bloomberg· 2025-10-30 00:24
India’s high-frequency options trading firms are rewriting their playbooks and expanding operations in the US, Japan, and Southeast Asia, after Jane Street's investigation https://t.co/IvTJkdZplf ...
X @Decrypt
Decrypt· 2025-10-30 00:22
Mastercard in Talks to Acquire Stablecoin Tech Firm Zerohash for Around $2 Billion: Fortune► https://t.co/orEYfzIozZ https://t.co/orEYfzIozZ ...
X @Solana
Solana· 2025-10-29 23:01
RT Yannik Schrade (☂️) (@yrschrade).@WesternUnion was founded in 1851.1861: built the first transcontinental telegraph line.1871: launched the first electronic money transfer.2025: decided to build on @solana, the financial engine of the internet.Soon: powered by C-SPL for confidential global payments. https://t.co/mJPKLaFZbm ...
AtlasClear Holdings to Present at the ThinkEquity Conference on October 30, 2025
Globenewswire· 2025-10-29 21:56
Presentation scheduled for 4:30 p.m. ETNEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear” or the “Company”), a technology-enabled financial services platform modernizing trading, clearing, settlement, and banking, today announced that it will present at the ThinkEquity Conference being held at the Mandarin Oriental, New York on Thursday, October 30, 2025, at 4:30 p.m. Eastern Time. John Schaible, Executive Chairman of AtlasClear Holdings, and Craig Ride ...
X @The Block
The Block· 2025-10-29 21:00
Mastercard to acquire crypto infrastructure startup Zerohash in deal worth up to $2 billion: Fortune https://t.co/2OXVfIim8E ...