Bitcoin Miner Cipher Mining Technologies to Go Public Via Good Works SPAC
March 5, 2021 @ 3:14 pm By JD Alois
Cipher Mining Technologies, a U.S.-based Bitcoin mining firm, will become a publicly-traded company via a special acquisition company (SPAC).
Good Works (Nasdaq:GWAC) has agreed to a merger and following the combination the new entity will be called Cipher Mining trading under the symbol CIFR. Cipher Mining is a newly formed subsidiary of
Bitfury Top HoldCo B.V.
Good Works currently holds a market valuation of around $242 million. Shares have traded higher today as the market inched higher to close the week.
Former JP Morgan execs set up wealthtech business
A team of former JP Morgan executives have secured funding for the launch of a wealth management platform.
According to its owners, Vestrata will use a combination of proprietary technology and investment products designed with third party managers to enhance the client engagement process for financial advisors. The team has raised a total of $4 million (€3.23 million) for the endeavour.
The business is led by co-founder and chief executive Mark Le Lievre, who was previously global head of products and platforms at JP Morgan.
He is joined by a number of former colleagues at the financial services firm, including chairman Doug Wurth, who previously led the international private bank and alternatives business at JP Morgan, and chief technology officer (CTO) Kim Lennen, formerly chief technology officer at JP Morgan Private Bank in Europe.
Former UBS selection team manager and PB heavyweights launch wealth platform citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Vestrata, a London, UK-based fintech company providing integrated investment solutions, raised US$4m in seed funding.
The company intends to use the funds to bring its proposition to the wealth management and private banking sector.
Led by Mark Le Lievre, Co-Founder and CEO, Vestrata provides a proprietary technology platform which will deliver a suite of discretionary, advisory, alternatives and ESG investment solutions for wealth managers to drive improved client engagement, control risk and reduce cost. The company’s services are developed in collaboration with leading asset managers, research houses and alternatives providers, and will be delivered through an integrated, scalable and modular platform.
Wealth Management Platform Vestrata Launches With $4 Million Funding Round Led by Industry Veterans
Vestrata is a unique platform backed by significant investment from industry insiders
Founding team comprises senior executives from world s biggest firms including J.P. Morgan, UBS, Credit Suisse, Barclays, HSBC, and MSCI
Addresses many of the key challenges facing the wealth management industry today by enhancing client engagement
Vestrata, a fintech company providing integrated investment solutions, has launched today. The business is led by one of the most experienced teams ever assembled by a start-up in this space and has completed a US$4 million investment round to bring its innovative proposition to the wealth management and private banking sector.