Scandal-bogged Finablr has agreed to a takeover offer from Middle East-based Prism Advance Solutions, according to a report from the Financial Times (FT). Prism isn’t well known yet, but the deal is promised to be “game changing,” Finablr said, according to FT. Prism Co-Founder Guy...
After discovering over $1 billion in hidden debt in May, Finablr has hired law firm Skadden to investigate potential theft and wrongdoing in the company. Finablr revealed two months ago that the company’s overall debt was about $1.3 billion, significantly higher than the $334 million...
Travelex founder Lloyd Dorfman, in a show of confidence in the U.K. capital’s office market, has bought an office in London, Bloomberg reports. Dorfman spent 40 million pounds, or $50 million, and purchased space near Soho Place, an office block and theater near the Tottenham...
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 will now likely head toward a debit-for-equity swap to look...
April 30, 2018
Portmanteau: /noun/ A word that blends the sounds and meanings of two other words, such as “motel” (motor and hotel), “brunch” (breakfast and lunch) or “Finabler” (financial enabler). That last one is the name chosen by billionaire Bavaguthu Raghuram Shetty for a new holding company he established Monday, April 23 by merging two financial services […]
October 12, 2020
BR Shetty, the embattled Indian FinTech and healthcare entrepreneur, is calling for an investigation of two of his former CEOs amid a financial scandal that has consumed his once-mighty multibillion-dollar business empire. Shetty is calling upon federal investigators in India to examine the role of the former CEOs of his two key companies NMC Health […]
October 06, 2020
Scandal-bogged Finablr has agreed to a takeover offer from Middle East-based Prism Advance Solutions, according to a report from the Financial Times (FT). Prism isn’t well known yet, but the...
July 23, 2020
After discovering over $1 billion in hidden debt in May, Finablr has hired law firm Skadden to investigate potential theft and wrongdoing in the company. Finablr revealed two months ago...
July 12, 2020
Travelex founder Lloyd Dorfman, in a show of confidence in the U.K. capital’s office market, has bought an office in London, Bloomberg reports. Dorfman spent 40 million pounds, or $50...
