Multitude SE extends its FinTech growth platform strategy to external parties

DGAP-News: Multitude SE / Keyword(s): Corporate Action

Multitude SE extends its FinTech growth platform strategy to external parties

15.06.2022 / 08:00
The issuer is solely responsible for the content of this announcement.

Multitude SE extends its FinTech growth platform strategy to external parties

June 15, 2022

As part of Multitude’s Fintech growth platform strategy, Multitude Group company Ferratum Bank Plc has closed its first financing structure with an external partner.

On June 13, 2022, Multitude Group’s bank, Ferratum Bank Plc, accepted an invitation to purchase covered bonds issued by Cream Finance Holding Ltd. The amount can reach 15 million euros for a period of 4 years with a possibility of extension agreed by mutual agreement. .

“In the past, Ferratum Bank, which is the backbone of Multitude Group with its banking license, acted as the internal service provider for the three business units of Multitude, SweepBank, CapitalBox and Ferratum. This transaction is our first reference to open our Fintech growth platform to third parties,” says Jorma Jokela, CEO and main shareholder of Multitude Group.

Multitude Group is firmly on the right track to create success stories in FinTech. It holds a fully regulated fintech growth platform, enabling a range of sustainable banking and financial services to grow and grow. The Group brings its technological and regulatory know-how as well as cross-selling and financing possibilities to its business units, and now also to external customers.

contacts:
Lasse Mäkelä
External Communication Manager
[email protected]

Hannes Merlecker
Head of Investor Relations
[email protected]

About Multitude SE:

Multitude is a fully regulated fintech growth platform. Its ambition is to become the most valued financial ecosystem. This vision is backed by over 17 years of solid experience building and scaling fintech. With its full European banking license, deep technology, regulatory, cross-selling and financing know-how, Multitude enables a range of sustainable banking and financial services to grow and grow. Currently, it has three independent business units on this growth platform: Ferratum as a consumer lender, CapitalBox as a business lender, and SweepBank as a shopping and funding app. Multitude and its independent units employ more than 700 people in 19 countries and together generated €214 million in sales in 2021. Multitude was founded in 2005 in Finland and is listed on the Prime Standard segment of the Stock Exchange. Frankfurt under the symbol “FRU”. ‘www.multitude.com

15.06.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Shirlene J. Manley