Is Mode Global Holdings at the start of a new Financial Revolution?
“…We are trying to create a very easy way for people to buy Bitcoin…”
Mode has launched a new-breed digital banking app that allows users to manage their traditional and digital assets all in one place, and earn interest on Bitcoin through one of the highest-yielding and most flexible interest-generating accounts in the market.
The company also offers payment processing and marketing services for UK and European businesses to access over 1 billion Chinese consumers securing key partnerships with Tencent (WeChat) and Alibaba (Alipay). To find out more about the company click here.
Newly listed MODE.L successfully raised GBP7.5 million by way of a placing of 15 million new Ordinary Shares with institutional and other investors at a price of 50 pence per Ordinary Share in early October.
At the time founder, chief executive and chairman Jonathan Rowland commented: “The Mode offering was oversubscribed and well supported by existing investors and a range of new institutional investors. Today marks a pivotal moment for Mode, as one of the first publicly listed financial services companies with a consumer focused-digital asset offering to list on the LSE Main Market. Mode’s admission is a vote of confidence in our business strategy and our mission to reduce fragmentation and inefficiencies across the banking, payments, investment and loyalty industries.”
With no offices, and no registered office address is Mode the future for all new financial business? Listen to Jonathan tell Sarah Lowther about the imminent launch of Mode Super App, the next generation super app with banking, payment, investment, loyalty and digital asset features all in one. Plus how Jonathan knew he’d got his product just right when his seventy-year-old mum signed up and purchased bitcoin.
Watch Jonathan talk to IGTV’s Jeremy Naylor about the oversubscribed flotation on the main market and whether Mode can take advantage of a banking sector that needs to move forward.
The author was remunerated but does not hold shares in the company