RE:Marketwall and Intesa Sanpalos DealIt is useful to undersand Intesa's business history and that at one point, it was a struggling institution.
What is interesting is that Intesa has a ROFR (Right Of First Refusal) in a 2015 Aggm to purchase a controling interesting in MarketWall which expired in 2018. WHY DID THEY NOT EXERCISE?
Intesa typically has invested in the firms that have provided services to fulfill their digital strategy. Why have they not invested in Marketwall?
~9,000.000.00 Euros in revenue and they are proud of this? Its a joke! For example, Revolut was founded in 2015 and by 2022, 'Reached 26 million retail customers'. https://www.revolut.com/about/
The former guy of ALY and the current guy at Marketwall should be so proud! Likley less that 999 users and 9M in revenue. Revolute had ~920m pounds in rev and penertration profiles around the world. https://cdn.revolut.com/pdf/annualreport2022.pdf
Way to go guys! CEO's of the YEAR!