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Fallen fintech star may have gloomy future as independent
Thursday 03 Aug 2017 Author: Steven Frazer

Cynics might argue that mobile money technology designer Monitise (MONI:AIM) is attempting to twist shareholder’s arms to accept a £70m cash and shares offer for the company.

Investors have been reluctant to take the terms from Nasdaq-listed Fiserv. News that Monitise, once valued at more than £1bn, has missed lowly-set revenue forecasts by a mile could change their minds, Monitise flagging £50.9m, 25% south of consensus £58.9m expectations.

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