Finseta Raises GBP1.6 Million via Strategic Investment

04:07 AM EST, 11/06/2026 (MT Newswires) -- Finseta (FIN.L) conditionally raised almost 1.6 million pounds sterling through a strategic investment from Homa Holdings, the foreign exchange and payments technology company said Friday. Homa subscribed for 7,918,638 new Finseta shares at 0.0612 pound apiece, as well as for zero-coupon convertible loan notes with an aggregate principal amount of 989,231 pounds. Upon completion of the share subscription, Homa will hold a 9.9% stake in Finseta, and the stake will increase to 19.9% following the notes conversion. Separately, the company raised 100,000 pounds by issuing 9,553,319 new shares to Joshua James Clarke. It also converted the entire 1.8 million pounds of 8.5% unsecured loan notes held by Chief Commercial Officer Robert O'Brien into new ordinary shares and non-voting deferred shares. Proceeds of the transactions are earmarked to support the company's growth strategy.