Jeffreys Henry LLP, the award-winning provider of audit, tax and advisory services to LSE, AIM and Aquis listed companies, has recently advised Mode Global Holdings Plc, a UK based founder led fintech group, on its £40.3 million IPO on the Standard Segment of LSE’s main market.

Mode has successfully raised £7.5 million (before expenses) by way of a placing of 15 million new Ordinary Shares with institutional and other investors at a price of 50 pence per Ordinary Share.

Mode’s offering includes a digital wallet that allows users to manage traditional and digital assets such as bitcoin in the same app; Mode’s proprietary bitcoin interest-generating account called Bitcoin Jar; and WeChat & Alipay payment processing and market services for U.K. and European companies looking to access Chinese markets.

Jonathan Rowland, Founder & Executive Chairman of Mode said: “We’re incredibly proud to be one of the first financial services companies with a consumer-focused digital asset offering to list on London Stock Exchange’s Main Market. The admission of Mode during the COVID crisis is a huge achievement and part of our aim to bring much-needed credibility and transparency to both FinTech and digital asset industries.

Jeffreys Henry LLP acted as the Reporting Accountant in respect of the IPO.