Stevens & Bolton LLP acted for AIM listed Monitise plc on its latest fundraising round, raising £32.4 million by way of subscriptions from existing shareholders Visa and First Eastern Investment Group and an underwritten private placing of shares with institutional investors.
Monitise has also been in the news with its recent joint venture in India being hailed by George Osborne as an example of "an entrepreneurial and innovative British company …. exporting its skills and expertise to India and creating new, strong partnerships here".
Monitise plc has created the world's first mobile money networks, which allow customers of banks and mobile operators to perform banking and payments transactions from their mobile handset.