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ASX:ORG News 7 January 2026

Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

London, January 6, 2026, 23:14 GMT Octopus Energy’s software arm Kraken has raised about $1 billion in its first standalone equity round, valuing the utility technology business at $8.65 billion, Ontario Teachers’ Pension Plan said on Monday. Octopus will keep a 13.7% stake in Kraken after the split, it said. OTPP The carve-out puts fresh capital behind a bet that…
7 January 2026
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Stock Market Today

  • Ashton Thomas Private Wealth Buys $129M Stake in Chime Financial Despite IPO Pullback
    January 29, 2026, 7:14 PM EST. Fintech firm Chime Financial, known for mobile-first, fee-free banking, sees a new $129 million bet from Ashton Thomas Private Wealth, which acquired 5.13 million shares or 3.1% of its assets under management. Despite shares trading slightly below their June IPO price, Chime is shifting from a growth story to operating leverage, with revenue up 29% year-over-year and adjusted EBITDA showing a $29 million profit. The company targets U.S. consumers earning under $100,000 and generates revenue primarily through interchange fees on transactions made via FDIC-insured banking partners. The timing follows Chime's raised full-year guidance and a $200 million share repurchase announcement, highlighting investor conviction in consumer finance amid broader market caution.
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