Tech Lowdown: Wise, Power BI, Starling Bank, Yapily and Nookby
This week’s roundup features Wise’s record listing, Power BI’s integration with CDS, Starling’s electric vehicle campaign and Yappily’s partnership with Nook.
Wise value skims £9bn after landmark direct listing
Cross-border payments firm Wise Previously (TransferWise) reached an almost £9bn valuation following a record London direct listing, avoiding the traditional initial public offering.
The direct listing means that shares in the company began trading on Wednesday without it raising any money. Wise’s shares started at £8 at a three-hour auction, doubling the fintech’s value from £3.6bn to £8.8bn
“The Wise listing will be another test for London as a Fintech hub, as the UK grapples with its post-Brexit status in an era when it has struggled to attract fast growing companies looking to launch an IPO,” said Hargreaves Lansdown senior investment and market analyst Susannah Streeter.
Wise has opted for a dual class structure, which means under current rules it won’t be eligible for a premium listing, although under recommendations put forward in the UK government’s Hill listings review, that could soon change.
Carousel Digital Signage integrates with Power BI for business analytics
Carousel Digital Signage (CDS) has partnered with Microsoft Power BI to provide business analytics to its Carousel Cloud software. The integration means Carousel Cloud users can create and share business information across corporate digital signage networks.
Customers now have acces to Power BI’s business intelligence platform provides custom data sets, detailed reports and dashboards across one or more company locations.
Two or more employees can use the same data to share insights and build reports across Microsoft Office applications, such as Teams and Excel. Each user can choose a report or dashboard to create a bulletin, filter important data and create sharable snapshots.
Starling Bank boosts environmental credentials
Top UK fintech Starling Bank is running a marketing campaign that will distribute 100 public, electric vehicle charge points across the UK under Starling branding.
Starling is partnering with electric vehicle charge outfit InstaVolt to provide on-screen advertising and incorporation within the digital app.
Every time an InstaVolt customer pays with a Starling personal or business card in the InstaVolt app, Starling will plant a tree through Trillion Trees.
The fintech is currently undertaking a carbon emissions audit to further reduce its carbon footprint and offset emissions.
Yapily partners with Nook
Trade collaboration platform Nook has partnered with Open Banking infrastructure provider Yapily to eliminate invoice fraud and offer secure bulk payments for accountants and SMEs.
Nook now includes invoice processing, approvals, secure payments, and account reconciliation as well as enhanced fraud protection and payments features.
Nook’s fraud protection feature integrates Know Your Business (KYB) checks into the payables process to protect SMEs and accountants against invoice fraud. Nook customers can request verification from their suppliers by authenticating their bank account.
Nook uses Yapily’s distinctive bulk payments to offer single and bulk payments, creating a single invoice-to-payment workflow.