AGP Executive Report
Last update: an hour agoPrivate Markets: Savings app Chip plans a retail-focused share sale on the London Stock Exchange’s new private securities market, valuing the fintech at about £210 million. Stablecoins: A 21-institution consortium has raised $270 million for a dollar stablecoin planned for 2027, as broader stablecoin supply has fallen about $17 billion in a month to roughly $244 billion—raising questions about crypto-market liquidity. Bank Capital: IIFL Finance plans a ₹6,414 crore raise led by Blackstone, a move expected to lift capital adequacy and support lending growth. Digital Finance: Safaricom’s financial-services revenue jumped 55.3% to KSh7.1 billion in the half-year, as M-Pesa expands into credit, investments and insurance. Egypt’s Dayra also won a licence to embed digital microfinance in business platforms.
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