Latest news with #MichaelSaunders
Bloomberg
2 days ago
- Business
- Bloomberg
Tax-Hike Pressures to Follow UK Spending Review, Economists Say
UK Chancellor of the Exchequer Rachel Reeves is increasingly likely to have to raise taxes later this year as weak growth, higher borrowing costs and top-ups for public services put her fiscal rules at risk, economists warned. Just days before Wednesday's Spending Review, when Reeves will allocate roughly £600 billion of annual spending between departments, former Bank of England rate-setter Michael Saunders said it was 'not hard to see pressures for extra fiscal tightening of £15 billion-£30 billion' at the autumn budget.
Business Wire
20-05-2025
- Business
- Business Wire
XP Raises $6.2 Million from Blockchange, L1D, Reflexive and others to Revolutionize Ticketing and Put Fans Back in Control
CHICAGO--(BUSINESS WIRE)--XP, a ticket marketplace dedicated to elevating live experiences and rewarding fandom, today announced it has raised $6.2 million in funding led by Blockchange, with participation from L1D, Reflexive, and others. The capital will accelerate XP's mission to build the most fulfilling ticketing experience for fans. "Buying tickets shouldn't feel like you're getting taken advantage of," said Saunders. 'Fandom is an integral part of a person's identity, and yet most platforms treat fans like transactions. We believe fans deserve better." XP has rapidly scaled as a fan-favorite ticket resale marketplace thanks to its robust ticket inventory and transparent, fair-market prices. The platform boasts millions of dollars in annualized ticket sales, and offers more than 50 million tickets to major concerts, sporting events, and shows nationwide. Michael Saunders, XP's founder and CEO, believes XP's rising popularity is a direct result of fans' long-seated frustration with incumbent ticketing marketplaces. "Buying tickets shouldn't feel like you're getting taken advantage of," said Saunders. 'Fandom is an integral part of a person's identity, and yet most platforms treat fans like transactions. We believe fans deserve better—and that starts with recognizing and rewarding fans' loyalty and passion.' XP's unique approach to ticketing blends innovative technology with transparent pricing and fan-centric features. Price Alerts, for example, notify XP users when their desired seats drop to their ideal price. Another innovation, Tixpy, instantly compares total ticket prices across sites so fans can secure the best deal. Looking ahead, XP believes the future of live entertainment lies in putting control back into the hands of fans, artists, athletes, and entertainers. The company is investing heavily in the development of identity-driven features powered by AI and blockchain technology that will deepen fan engagement, foster community, and offer personalized rewards tied directly to fandom. "Every fan interaction on XP—from discovering new events to purchasing tickets to reliving cherished memories—is designed to be rewarding, joyful, and genuinely magical," Saunders emphasized. "We're not just changing the way fans buy tickets; we're revolutionizing their entire experience." By enhancing personalization and creating smarter, more trustworthy interactions between fans, vendors, and entertainers, XP aims to make every stage of the live event journey more meaningful, connected, and rewarding for fans. About XP XP is a secondary ticketing marketplace that puts fans first with transparent, fair-market prices and tech-forward ticketing innovations. Thanks to XP's upfront prices and no hidden fees, fans save up to 30% on XP compared to the same seats listed on other resale marketplaces. Find your next unforgettable live event at or by downloading XP's free iOS app. For the latest updates, follow XP on Instagram, X and LinkedIn.
Yahoo
20-05-2025
- Business
- Yahoo
XP Raises $6.2 Million from Blockchange, L1D, Reflexive and others to Revolutionize Ticketing and Put Fans Back in Control
CHICAGO, May 20, 2025--(BUSINESS WIRE)--XP, a ticket marketplace dedicated to elevating live experiences and rewarding fandom, today announced it has raised $6.2 million in funding led by Blockchange, with participation from L1D, Reflexive, and others. The capital will accelerate XP's mission to build the most fulfilling ticketing experience for fans. XP has rapidly scaled as a fan-favorite ticket resale marketplace thanks to its robust ticket inventory and transparent, fair-market prices. The platform boasts millions of dollars in annualized ticket sales, and offers more than 50 million tickets to major concerts, sporting events, and shows nationwide. Michael Saunders, XP's founder and CEO, believes XP's rising popularity is a direct result of fans' long-seated frustration with incumbent ticketing marketplaces. "Buying tickets shouldn't feel like you're getting taken advantage of," said Saunders. "Fandom is an integral part of a person's identity, and yet most platforms treat fans like transactions. We believe fans deserve better—and that starts with recognizing and rewarding fans' loyalty and passion." XP's unique approach to ticketing blends innovative technology with transparent pricing and fan-centric features. Price Alerts, for example, notify XP users when their desired seats drop to their ideal price. Another innovation, Tixpy, instantly compares total ticket prices across sites so fans can secure the best deal. Looking ahead, XP believes the future of live entertainment lies in putting control back into the hands of fans, artists, athletes, and entertainers. The company is investing heavily in the development of identity-driven features powered by AI and blockchain technology that will deepen fan engagement, foster community, and offer personalized rewards tied directly to fandom. "Every fan interaction on XP—from discovering new events to purchasing tickets to reliving cherished memories—is designed to be rewarding, joyful, and genuinely magical," Saunders emphasized. "We're not just changing the way fans buy tickets; we're revolutionizing their entire experience." By enhancing personalization and creating smarter, more trustworthy interactions between fans, vendors, and entertainers, XP aims to make every stage of the live event journey more meaningful, connected, and rewarding for fans. About XP XP is a secondary ticketing marketplace that puts fans first with transparent, fair-market prices and tech-forward ticketing innovations. Thanks to XP's upfront prices and no hidden fees, fans save up to 30% on XP compared to the same seats listed on other resale marketplaces. Find your next unforgettable live event at or by downloading XP's free iOS app. For the latest updates, follow XP on Instagram, X and LinkedIn. View source version on Contacts daniela@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
