Mode, to invest, or not?
Mode Global Holdings plc or Mode Share Price is a publicly traded financial technology company based in the United Kingdom. The company provides a range of financial services, including digital banking, payments, and asset management, using blockchain technology.
Mode Share Price was founded in 2018 and is listed on the London Stock Exchange. The company’s flagship product is the Mode app, which allows users to buy, sell, and hold Bitcoin, as well as to earn interest on their Bitcoin holdings. The app also supports traditional fiat currencies, such as GBP and EUR.
In addition to its consumer-facing products, Mode Share Price also offers a range of enterprise solutions, including a payments platform for merchants and a custody and settlement platform for institutional investors.
Since its IPO in October 2020, Mode Global Holdings’ stock has experienced some volatility, with the price fluctuating between a high of around 53 pence and a low of around 15 pence.
In March 2021, Mode Share Price surged after the company announced it had added Bitcoin to its corporate treasury reserves. This news caused the stock to reach an all-time high of over 100 pence.
However, since then, the Mode Share Price has experienced some downward pressure, as Bitcoin’s price has also been volatile during this period. As with all stocks, the Mode Share Price can be influenced by a variety of factors, including market conditions, company performance, and investor sentiment.
Who is Mode or Mode Global Holdings?
Mode Global Holdings plc was founded in 2018 by Jonathan Rowland and Ryan Moore, both of whom have extensive experience in finance and technology.
Jonathan Rowland is a prominent entrepreneur and investor with a background in banking and private equity. He is the founder and CEO of Jellybook, a technology investment company, and has previously held executive roles at Banque Havilland, the investment bank Rodriquez Group, and a number of other financial institutions.
Ryan Moore is a venture capitalist and entrepreneur who has previously co-founded several technology companies, including the mobile banking platform Vitesse and the online lending platform Ratesetter. He is also a founding partner of the venture capital firm Accel Partners.
Together, Rowland and Moore saw an opportunity to combine their expertise in finance and technology to create a new kind of financial services company that leverages the power of blockchain technology. Mode Share Price was established to provide consumers and businesses with fast, secure, and cost-effective financial services, including digital banking, payments, and asset management.
Mode or Mode Global Holdings’ Main Competitors
Mode Share Price operates in the highly competitive financial technology sector, where there are a number of established players as well as new entrants vying for market share. Some of Mode’s main competitors include:
- Revolut – Revolut is a UK-based digital banking and payments company that offers a range of financial services, including foreign exchange, cryptocurrency trading, and insurance.
- Coinbase – Coinbase is a US-based cryptocurrency exchange and wallet provider that allows users to buy, sell, and store a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
- Square – Square is a US-based financial services and digital payments company that offers a range of products and services, including a mobile point-of-sale system, a cash app, and a cryptocurrency trading platform.
- PayPal – PayPal is a US-based payments company that allows users to make online payments, transfer money, and receive payments. The company has recently added cryptocurrency trading to its platform.
- Robinhood – Robinhood is a US-based financial services company that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile app.
These companies, along with others in the financial technology sector, compete with Mode Share Price by offering similar products and services, leveraging technology to deliver fast, convenient, and low-cost financial services to consumers and businesses.
Mode or Mode Global Holdings Investment Advantages
Firstly, Mode Global Holdings plc operates in the rapidly growing financial technology sector, which has seen explosive growth in recent years due to the increasing adoption of digital payments and the rise of cryptocurrencies. As a provider of digital banking, payments, and asset management services that leverage blockchain technology, Mode is well-positioned to benefit from these trends.
Secondly, Mode Share Price has a strong management team with deep experience in both finance and technology. The company’s co-founders, Jonathan Rowland and Ryan Moore, have a track record of success in building and scaling technology companies, and have assembled a talented team of professionals to support their vision for Mode.
Thirdly, Mode Share Price has a diverse range of products and services, including a mobile app that allows users to buy, sell, and hold Bitcoin and other cryptocurrencies, a payments platform for merchants, and a custody and settlement platform for institutional investors. This diversification of revenue streams helps to mitigate risk and provides investors with exposure to different areas of the financial technology sector.
Finally, Mode Share Price has a solid financial position, with a strong balance sheet and no debt. The company’s IPO in 2020 raised £7.5 million, providing the company with capital to fund growth and expansion.
As with all investments, it is important for investors to conduct their own due diligence and assess the risks and potential rewards before making an investment decision.