Finablr

The company was bought by Prism Group AG and Abu Dhabi's Royal Strategic Partners in Dec 2021 and rebranded as WizzFinancial.

[4] In October 2018, Finablr brands, Travelex and Swych, launched a cross-border shopping solution for WeChat Pay users.

[5] In November 2018, Finablr acquired India's digital payments firm TimesofMoney from Network International to capitalise on the growth of e-commerce.

[13] This followed a considerably turbulent time for the business following the Travelex cyberattack that took place on New Year's Eve 2019, and directly affected its services across the globe for around six weeks,[14][15] with the financial impact of this currently estimated in the region of circa £25 million on a like-for-like basis.

[18] On 16 March 2020, the business's listing on the London Stock Exchange was suspended as it was announced that it was in danger of collapse having identified circa US$100m (£81m) of undisclosed financing, which meant it no longer had any certainty over its financial position.

[20] On 17 March 2020, the business announced that it had engaged an accountancy firm to undertake rapid contingency planning for a potential insolvency appointment.

The business announced the resignation of Promoth Manghat as chief executive with immediate effect the same day, as well as the appointments of Kroll and Houlihan Lokey to carry out an independent investigation into its finances.

UAE Exchange, Xpress Money, TimesofMoney, Remit2India, Unimoni and Ditto (which had ceased previously) all displayed suspension notices on their corporate website homepages "[division name] is temporarily unavailable for undertaking transactions.

[37] On 16 December 2021, the Financial Conduct Authority refused Finablr's request to cancel its premium listing on the London Stock Exchange.