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Cyprus Showcased As The Prime Investment Hub At The London Conference

by THEFUTURE.TEAM

November 12, 2024

Cyprus’s investment potential and strong economic ties with the UK were highlighted at the 8th annual business conference organized by the GB-CY Business Association in London. Key speakers from government and investment bodies supported the event, underscoring Cyprus’s appeal as a destination for investment.

Costas Hatzipanayiotou, Permanent Secretary of the Work and Social Insurance Ministry, represented the Cypriot government, emphasizing Cyprus’s “transformative journey” towards creating a thriving and resilient economy. This journey focuses on enhancing business-friendly policies, fostering financial stability, and advancing the country’s green transition to boost competitiveness.

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Lia Riris, Deputy Director General of Invest Cyprus, highlighted the nation’s economic growth, projecting a 3% increase in GDP for this year and next. She also pointed out that Cyprus ranks 37th in the Global Innovation Index out of 133 countries, signalling its commitment to innovation.

Dr Kyriacos Kouros, the High Commissioner of Cyprus to the UK, noted that Cyprus has emerged as a stable and strategically important player for Europe amid global uncertainty. He praised the long-standing commercial ties with the UK as a pillar of bilateral cooperation.

Conference organizer Savvas Kyriakides commended the Cypriot government’s commitment to strengthening these investment ties further, reflecting Cyprus’s growing role as a strategic and resilient investment destination in the region.

The Future Forbes Realty Global Properties

Chime’s Nasdaq Debut: A 37% Leap in the Fintech Arena

by News Editor

June 13, 2025

Chime set to debut on Nasdaq

On June 12, 2025, Chime had a groundbreaking debut on Nasdaq, where its shares surged by an impressive 37%. Initially priced above the expected range at $27, the shares closed the day at $37.11, setting a new market cap of $13.5 billion. From a valuation of $25 billion in its last venture round, this IPO marks a recalibration for Chime amidst evolving market dynamics.

The offering raised roughly $700 million, with an additional $165 million from existing shareholders. Despite the lower valuation, CEO Chris Britt highlights Chime’s commitment to serving Americans earning $100,000 or less, often overlooked by traditional banks. “We help our members avoid fees, access liquidity, and build savings,” Britt stated confidently.

Chime’s strong revenue momentum, with $518.7 million reported last quarter and a revenue increase by 32% year-over-year, underscores its growth potential. The company also achieved $25 million in adjusted profitability, improving its profit margin by 40 points over the past two years.

Chime now stands among fintech giants like eToro and Circle, rekindling investor interest in fintech IPOs. The future looks promising as other players like Klarna and Bullish eye public offerings.

For further insights into fintech innovation and investment opportunities, explore European Banking Evolution: Cyprus as a Catalyst for Regulatory Innovation and discover how Cyprus continues to play a pivotal role in financial advancements.