Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs … Read more

Taylor Swift and Beyonce’s ‘universal language’ is improving life at work

Taylor Swift and Beyonce’s ‘universal language’ is improving life at work

In photo at left, Megh McLaughlin, center, with co-workers at a performance of Beyonce’s Renaissance tour. In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift’s Eras tour. Courtesy: Megh McLaughlin, left photo. Isabelle Breakiron, right photo At professional services firm KPMG, managing director Rob Breakiron feels more popular … Read more

British fintech Wise reports 234% jump in profit

British fintech Wise reports 234% jump in profit

The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British fintech firm Wise nearly quadrupled pre-tax profits in its half-year results out on Tuesday, citing a boost from higher interest rates. Wise reported revenue of £498.2 million, up 25% year-on-year, in the half-year ended on Sept. … Read more

Fintech giant Wise allowed Russia sanctions target to withdraw money

Fintech giant Wise allowed Russia sanctions target to withdraw money

Wise CEO and co-founder Kristo Kaarmann. Wise British financial technology giant Wise allowed an individual on the Russian sanctions list to withdraw money, a U.K. government body said Thursday.   The user was allowed to make a withdrawal of £250 ($316.63) from a business account on Wise, according to the Office of Financial Sanctions Implementation … Read more