SYDNEY, AUSTRALIA: Genesis Energy announced the Chief Operations Officer, Nigel Clark, and Chief Digital Officer, James Magill, are leaving Genesis to move back to Australia. Marc England, CEO of Genesis said: “I would like to thank Nigel and James for the significant contribution they have made to our business over the last five years”. Both…
nib takes 50% stake in health start-up, Midnight Health for $4mn
SYDNEY, AUSTRALIA: nib holdings limited (ASX: NHF) has taken a 50% equity stake in Australian digitalhealth start-up, Midnight Health, for a total consideration of $4 million. nib Managing Director, Mark Fitzgibbon said the deal will help bring to life elements of nib’s payer to partner (P2P) strategy as it moves towards being as much about…
Jumia Egypt partners with valU to provide new online payment channels
CAIRO, EGYPT: Jumia, the leading e-commerce platform in Egypt, JumiaPay the fintech electronic payments platform, and valU the leading Buy-Now Pay-Later (BNPL) fintech platform in the Middle East and North Africa, have signed agreements to enable valU to become a payment solution via Jumia and JumiaPay. This partnership allows JumiaPay as a payment gateway to…
Hambro Perks Acquisition Company announces £150mn IPO on LSE
LONDON, UK: Hambro Perks Acquisition Company (HPAC), a special purpose acquisition vehicle sponsored by Hambro Perks Limited announced its intention to float on the London Stock Exchange. HPAC intends to raise up to £150 million through the listing. Hambro Perks was founded in 2013 with the aim of providing capital and hands-on support to innovative…
Oval Money & ETX Capital to combine into one business
LONDON, UK: Oval Money is completing the integration with ETX Capital, a leading global financial services firm, and restated its ambitious plans for the future. The past few months have allowed the two companies to combine into one solid business ready to face future challenges, with a team of more than 180 people across three…
Third Point portfolio company Verbit raises $250mn Series E funding
LONDON, UK: Third Point, the Investment Manager of the London-listed multi-strategy Third Point Investors Limited (TPIL) is leading portfolio company Verbit’s Series E funding round with an additional $200 million investment, further solidifying its partnership with the world’s leading voice AI transcription and captioning company. Verbit announced today that it has closed its Series E…
Zap-Map partners with UK’s leading EV fleet payments provider
LONDON, UK: Good Energy (LON: GOOD) announced its subsidiary Zap-Map, the UK’s leading EV mapping service, has partnered with Allstar Business Solutions Limited, one of the UK’s leading fuel and electric vehicle (EV) charging companies, to provide a seamless payment solution for fleets with EVs. Attracting 180,000 UK users per month to its app, Zap-Map…
Helios and OX2 to develop large-scale solar PV plants in Sweden
OSLO, NORWAY: Magnora’s portfolio company Helios Nordic Energy AB has signed a cooperation agreement with OX2, a leading solar and wind farm developer in Europe, to develop two large-scale solar PV plants in Skåne, Sweden. The projects, which Helios started developing in 2020, are located in bidding-area SE4, with a combined capacity of approximately 45…
Shelf Drilling Awarded New Contract in India with ONGC
DUBAI: Shelf Drilling Ltd. (OSE: SHLF) has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (ONGC) for offshore operations in Indian waters. The rig is currently under contract with ONGC with a scheduled completion date in Q2 2022. The planned start-up of operations under…
IDEX Biometrics and Tongxin Microelectronics collaborate on new market opportunities
OSLO, NORWAY: IDEX Biometrics has entered a Memorandum of Understanding with Tongxin Microelectronics Co., Ltd (TMC), a leading Chinese supplier of secure element (SE) microprocessors. The memorandum calls for collaboration on a range of business opportunities for which fingerprint authentication is applicable. The first such opportunity is a jointly developed, turnkey reference design for a…
4basebio signs joint development agreement with Leucid Bio
LONDON, UK: 4basebio PLC (LON: 4BB), the specialist life sciences group focused on exploiting intellectual property in the field of cell and gene therapies and DNA vaccines, announced a Joint Development Agreement (JDA) between its wholly owned subsidiary 4basebio Discovery Limited and Leucid Bio Limited, a biotech company pioneering next-generation Chimeric Antigen Receptor T-Cell (CAR-T)…
AssetCo proposes acquisition of River and Mercantile Group
LONDON, UK: The Board of AssetCo plc has submitted an indicative non-binding securities exchange proposal for the entire issued and to be issued share capital of River and Mercantile Group (RMG) that is not already owned by AssetCo. The possible offer is made for the remaining River and Mercantile Group (RMG) asset management business post…