Latest news with #RobRooney
Sky News
4 days ago
- Business
- Sky News
Digital wallet provider Hyperlayer closes in on £30m funding boost
A British fintech which counts Standard Life among its key clients is close to finalising one of the industry's biggest funding rounds so far this year. Sky News understands that Hyperlayer, which is run by the former Morgan Stanley executive Rob Rooney, is lining up a major equity injection led by CDAM, a UK-based investment firm, and several new institutional investors. City sources said this weekend that the new capital from CDAM and other backers could total at least £30m. The funding round is expected to take place at a post-money valuation of about £160m. Hyperlayer, which operates a consumer-facing digital wallet called Hyperjar, intends to use the new funding as growth capital to finance the development of new partnerships with global banks and asset managers. The company provides smart account technology on existing client infrastructure, and is said to work with a number of the world's ten largest banks - although it has not publicly disclosed their identities. Its work with Standard Life involves the future launch of a consumer money app aimed at people approaching or in early retirement. Hyperlayer's consumer-facing platform sees customers organise their money in what the company calls "digital jam jars", enabling them to earn rewards which give them access to partner brands such as Asda, Morrisons and Starbucks. IKEA and the John Lewis Partnership are among the other merchant partners with which Hyperlayer is working to develop distinctive loyalty-based initiatives for its financial institution clients. Founded in 2006 by Adam Chamberlain and Scott Davies, CDAM has $1.5bn in assets under management and is an experienced investor in financial services technology. Mr Davies has had a seat on Hyperlayer's board for several years. Mr Rooney, who was a prominent Wall Street executive for years, ultimately serving as Morgan Stanley's technology operations, joined the company as CEO in 2023. The new capital injection led by CDAM is understood to be subject to approval by Hyperlayer's shareholders.
Yahoo
12-03-2025
- Health
- Yahoo
Fight to save hospital from permanent closure
Residents have called for a Cornish hospital to be reopened and brought back to community use. A meeting was held in Fowey on Tuesday where people voiced concerns at the NHS Cornwall and Isles of Scilly Integrated Care Board's (ICB) plan to sell-off the town's community hospital. The ICB said it would be too expensive to refurbish the site - which closed temporarily in 2016 after being deemed unfit for purpose - but residents believed it could still be used for healthcare provision. A report from a public consultation about the hospital is due to be reviewed by Cornwall Council on Wednesday with a final decision on its future due to be made by the ICB in May. Dozens of people attended the meeting at the Squires Field Community Centre. Rob Rooney, who co-organised the residents meeting, said many people in the town did not agree with the ICB's plans for the hospital site. "This is our chance to start a campaign to roll this all back and get the hospital open again," he said. Jacky Poskitt, who used to work at the hospital, believed the site could still be used for local healthcare services. She said: "It could still be a hospital, or a day care, an NHS dentist - it could be all sorts." Michaela Burt, who worked as an assessor at the hospital, said she thought the plans for the site were "atrocious". "I think they need to be opening cottage hospitals to actually release the beds at Treliske where there's a lot of pressure," she added. "They need to be bringing them back to the local community." The ICB said it had considered options for the site, including turning it into a care home or using it for clinics, but concluded it would not be financially viable. It added improvements in technology meant the health of more people could be remotely monitored and other local services were available to use. The ICB said: "We know people prefer to receive care and support closer to their own homes and are providing this through a range of services such as community hubs, community diagnostic centres, extra GP appointments, a falls car service and by providing alternatives to hospital admission, including same day emergency care units and virtual wards. "People can also continue to access a wider range of services than were provided at Fowey Community Hospital at St Austell Community Hospital 8 miles (12.9km) from Fowey." Follow BBC Cornwall on X (formerly Twitter), Facebook and Instagram. Send your story ideas to spotlight@ Residents invited to comment on future of hospital New surgical hub treats more than 500 patients NHS Cornwall and Isles of Scilly Integrated Care Board
