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936 Monese borrows cash from Pockit after HSBC writes down investment

UK Tech News
Simon Hunt @ UK Tech News · 10/03/2024 06:04 EDT

Monese borrows cash from Pockit after HSBC writes down investment

Monese has borrowed money from card company Pockit as it scrambles for fresh sources of funding after shareholder HSBC wrote off the value of its investment. The London fintech entered into a debt agreement in September, fresh company filings show, with Pockit acting as the lender. The size and terms of the deal were not ...

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