FNZ employee shareholders revolt over latest capital raise

FNZ Group chief executive Blythe Masters has been holding meetings on the catch-up raise. (Image: FNZ)

Fri, 14 Mar 2025

Hundreds of employee shareholders at fintech FNZ are fighting back, having discovered their holdings could be diluted heavily after a capital raise last year.One shareholder said the move was “grossly unfair”, especially as management was not ruling out further dilution.“Some of the shareholder valuations were in the millions – and it has just disappeared,” said another employee shareholder whom BusinessDesk agreed not to name.“I’ve had people come to me with tears in their eyes saying, 'this is my...

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