Overview
Cab Payments, a London-listed fintech, faced a takeover bid of £213 million from Helios Consortium and a £241 million bid from Stonex, which was also rejected. The company specializes in facilitating money transfers to emerging markets and reported a total income of £119 million in FY25.
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Investors: Helios Consortium, Stonex
Cab Payments, a London-listed fintech, faced a takeover bid of £213 million from Helios Consortium and a £241 million bid from Stonex, which was also rejected. The company specializes in facilitating money transfers to emerging markets and reported a total income of £119 million in FY25.
Investors: StoneX
Cab Payments, a UK fintech, rejected a £241 million bid from Stonex, citing undervaluation despite improved financial performance. Stonex aimed to create a leading payments specialist through the acquisition. Cab's share price rose 11% following the bid announcement.
Investors: Helios Consortium
Cab Payments rejected a £213 million takeover bid from Helios Consortium, citing undervaluation despite a recent share price rebound. The fintech, specializing in money movement in emerging markets, forecasts £119 million income for 2025, exceeding market expectations.