Thread by @PanPeterS5

So folk less than 10 working days left in November. $25m funding for 10% of the company due - Mcap still under £40m. Things are starting to pick up #TNT - let's round through some highlights:
@tintraplc
🗞️ UHNW investors already subscribed for $2.275m shares at 504p.

🗞️2 for 1 warrants exercisable within 5 years and conditional on m/cap exceeding $250m (£210m) for 3 consecutive dates.

🗞️ Funding few months ago at 504p
🗞️ Next round of fundraising will be equivalent to around 1200p potentially
🗞️ roadmap 6 months ahead of schedule
🗞️ Future Nasdaq listing 
🗞️ Dubai investors - crypto.com to sponsor World Cup
#entrepreneurship #bankinginnovation

🗞️ Congratulations, Richard Shearer, on being named one of the Top 10 Most Inspiring Business Persons in the Middle East for 2023, with reference to @tintraplc.

So what else is in focus you may ask:

🧨 The Company's wholly owned subsidiary, Tintra Money Limited, has submitted an application and required accompanying documentation to the UK Financial Conduct Authority ("FCA") to become an authorised electronic money institution.

This is an important next step in progressing the Group's strategy within the UK, as previously articulated in the Company's annual report. The Company is confident of the substance of its application and would be hopeful to be approved during Q1 2023.

So what else I can hear you ask?

🧨Further, the Group is continuing to work on the separate process to apply for authorisation by the UK Prudential Regulation Authority ("PRA") as a new Bank, in which it is being assisted by a "Big 4" consultancy firm.

🧨The Company has built upon its existing payment processing business by fully transitioning into a Deep Tech & Banking business focused on building the technology and infrastructure for its platform.

🧨Also as you know Contracts have been entered into between the Company and Temenos , who will provide its core banking software to Tintra, which will be integrated with Tintra's innovative artificial intelligence-based approach to customer and transaction identification.

🧨So let's remind ourselves there focus continues building this deeply innovative, highly regulated new business, implementing a unique combination of Tintra's proprietary AI-driven technology and deployment of market leading systems technology,
#AI #dubai #technology #banking

supported by a growing number of global banking and payment services licences, supported by patents totalling 4 during the period with more to come and a very strong ESG framework driven in large part by the work of the Tintra Foundation.

🧨What about the team?! Well that's an easy one - the #TNT team that now includes professionals with PhDs across a range of disciplines, sector experts that are working in multiple countries as well as areas of our business.

But what's the whole point of #TNT?! Good question tbf:

🧨Well there mission you could say is big, it is complicated and it is challenging, as such the first six months of the year were about defining the goals of what success looked like in a way that made it not an abstract

vision but an achievable reality. This included a vast amount of work in technology, artificial intelligence, ethnography, politics, and regulation.

The result, which has been reported upon elsewhere, was a major book that sets out very clearly in deep detail what we need to do politically, technologically, and financially to achieve those goals along with the award of licences

in Mauritius and Qatar and patents in the United States & the UK!

But the absolute best part?! You've haven't missed anything yet and the show is just about to start! This is one of my top 2 shares for this and next year! A great company thriving to deliver something special!