CurrencyFair, a hotly tipped Dublin fintech company, is finalising a fresh round of investment of up to €2m in the face of resistance from some small shareholders. The bulk of the funding is expected to come from the company’s existing venture capital backers, the Irish funder Frontline Ventures and Octopus Ventures in the UK. It is understood a funding proposal circulated to shareholders in recent weeks caused unease among some small shareholders, however, as they faced the prospect of their stakes in CurrencyFair being heavily diluted. The proposal also involved the allocation of a large number of share options to a new management team at CurrencyFair, headed by Paul Byrne, former chief financial officer of Trintech. Sources said the options could convert to as much…

Source: The Times September 30, 2017 23:00 UTC