Powa Technologies Raises $76m

Taylor Wessing has advised Powa Technologies Limited on a private placement of shares to raise an aggregate amount of approximately $76 million. The transaction represents one of the largest investments in an early stage UK technology company in recent years. Powa Technologies Limited, which was set up by London based tech entrepreneur Dan Wagner in 2007 and only began trading two years ago, creates technology allowing consumers and businesses to make transactions through mobile devices.

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