Vela Technologies invests £0.25m in fintech Mode Global

Mon, 5th Oct 2020

Technology company investor Vela Technologies said it had tipped £0.25 million into fintech group Mode Global as part of an initial public offering that raised £7.5 million. UK-based Mode's businesses combined banking, payments, investment, customer loyalty and digital assets. For the year ended 31 December 2019, its pro forma revenue was £2,000 and its pro forma pre-tax loss was £3.15 million. Mode's pro forma net assets as at 31 December 2019 were £8.87 million. At 9:31am: (LON:VELA) Vela Technologies share price was +0.01p at 0.08p Story provided by StockMarketWire.com

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