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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fiinu Plc | BANK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -12.12% | 7.25 | 15:55:40 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.25 | 7.25 | 8.25 | 7.25 | 8.25 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 05/3/2025 07:11 by ln2025 RNS OUTCommenting, David Hopton, Chairman of Fiinu, said: "We are pleased with the significant progress Fiinu has made over recent months, particularly in securing the additional capital to deliver to a third-party UK bank to launch our flagship Plugin Overdraft® product. These milestones mark a key step in our strategic vision to expand the reach of our technology through white-label partnerships. The market is wide open and we want a number of banks to offer the Plugin Overdraft® to consumers as we begin the unbundling of the market infrastructure for overdrafts. "Furthermore, we are delighted to welcome back former colleagues who have played instrumental roles in developing our technology and operations. With the appointments of Dr. Feyzullah Egriboyun as CFO, Timo Rinne as Head of Technology, and Albert Owen III as Head of Operations, we have assembled a small and nimble leadership team with deep expertise in AI, Open Banking, and operational excellence required by the UK financial regulators. Their experience will be invaluable as we execute our strategy and we look forward to reporting on our progress over the coming months." Fiinu, a fintech group and creator of the Plugin Overdraft®, announces the appointment of a new Chief Financial Officer and provides an operational update, including further senior management appointments. Appointment of new Chief Financial Officer The Company is pleased to announce that Dr Feyzullah ("Feyz") Egriboyun CGMA, has joined Fiinu as Group CFO and has been appointed as an executive director of Fiinu Plc with immediate effect. LETS GO!!!! |
Posted at 10/2/2025 21:28 by ln2025 #BANKBreakeven will happen at around 234k customers acquired, with a target audience of 16 Million consumers! 29 Million consumers would be very likely to add plugin overdraft to their bank account. 20 Million lost access to their over drafts in 2020 All existing banks removed access to unarranged overdrafts - Banks are not allowed to charge fixed fees on overdrafts, all fees must be expressed as interest. Arranged and unarranged overdrafts have to be charged at the same rate. Consumers are increasingly force to use alternatives which can damage their credit score. 20 Million UK adults would struggle to find extra £20 per month, the persistent financial stress is taking it's toll on people with over 15 Million losing sleep at least once a week over their finances. Fiinu fixes all of this and the competition can't and don't want to! hxxps://ukinvestorma EXPERIENCE - CEO led the banking licence application at vive bank and generated over $1 Billion revenue with 800 staff and 18 offices across the world Prior to Fiinu, Marko founded one of the largest overdraft-style lenders in the UK which utilised a bank independent software robot that lent and recovered over $1 billion in small increments without reliance on credit-bureau data. His previous business was independently valued at $171 million after five years. Prior to becoming an entrepreneur, Marko was :- a sales director at Reval, a Wall Street based hedge accounting and quant risk modelling platform. The company was acquired by Carlyle Group, through a $280 million LBO. a director at Kyriba, an in-house bank and payment factory SaaS platform which became a unicorn after receiving a $160 million investment from Bridgepoint Capital. at Trema for six years, helping large incumbent banks and corporate treasuries to manage their risk. The company was acquired by Warburg Pincus, through a $150 million LBO in 2006 and later by ION Group. |
Posted at 24/1/2025 11:19 by bmwman3 "Fintechs will continue to benefit from the radical transformation of the banking industry, rapid digital adoption, and e-commerce growth around the world, particularly in developing economies".In summary, the white-label BaaS deal with a UK Bank is a tipping point for the banking sector and the value attributed to it could be huge for BANK. Irrespective of the fluctuations in the share price the medium to longterm future is a share price much much higher than that of today.https://www.mc |
Posted at 22/1/2025 13:28 by bmwman3 2 possibles:-Starling BankProfit Before Tax: £195 million for the financial year 2023, a significant increase from £32 million in 2022.Total Revenue: £453 million for the financial year 2023, up from £216 million in 2022.Customer Growth: Starling Bank now serves 9.4% of the SME current account market and over 2.4% of the retail current account market in the UK.Total Accounts: 3.6 million accounts as of the financial year 2023.Monzo BankAnnual Revenue: £270 million annual revenue run rate as of June 2022.Customer Growth: Monzo has over 1.3 million customers as of May 2023.Deposits: Deposits increased by 42% to £4.4 billion as of June 2022.Customer Engagement: Active customers open the Monzo app more than twice a day |
Posted at 22/1/2025 12:07 by ln2025 We now have a "bank-in-a-box". The data room includes over 2,000 pages of relevant regulatory documentation to exit mobilisation and licensable technology infrastructure which could now access more than 100 million bank accounts in the United Kingdom.Fiinu Bank was ready to attest all but one of the conditions (capital missing) set by the PRA and the FCA to exit mobilisation, including an external independent technical audit by Grant Thornton and a technical walk through with Regulators. The submitted and stored banking licence application is over 4,000 pages of documentation. We believe in the future value of this intellectual property So won't be long to get the licence, they literally did everything and just need the capital! |
Posted at 22/1/2025 07:49 by bmwman3 McKinsey's research shows that revenues in the fintech industry are expected to grow almost three times faster than those in the traditional banking sector between 2023 and 2028. Right sector Right time."Fintechs will continue to benefit from the radical transformation of the banking industry, rapid digital adoption, and e-commerce growth around the world, particularly in developing economies".In summary, the white-label BaaS deal with a UK Bank is a tipping point for the banking sector and the value attributed to it could be huge for BANK. Irrespective of the fluctuations in the share price the medium to longterm future is a share price much much higher than that of today.https://www.mc |
Posted at 21/1/2025 09:31 by soulac1 CEOVery impressive https://fiinuplc.com |
Posted at 21/1/2025 05:58 by soulac1 Very impressive https://fiinuplc.com |
Posted at 17/1/2025 04:06 by bmwman3 Huge potential! Whenever I look at investing in a business, the first thing I check is the number of outstanding shares, the number of shares held by the board / investors, the market cap, the industry, the BOD Credentials and future opportunities based on previous and current news flow. For me, this ticks every single box and is the dream stock I look for for serious multiples on my ROI1) There's only 28% Free float here out of 274.75 million shares available - Meaning there's only 76 Million shares in the float. 72.28% is held by the BOD2) AT 8p the market cap is only £8M3) Industry - Fintech, with disruptive AI driven tech with own intellectual property that can access and serve over 100 Million bank accounts in the UK alone4) THE CEO founded and built the company with previous experience bringing this product to market, built from scratch and valued at $171 million after five years, profitable in year 2. The Chairman David Hopton has a career in the banking industry spanning over 40 years. At Abbey National / Santander, David was the Deputy Head of Santander Global Banking and Markets UK, and a member of Santander UK senior management team. David was a member of ALCO, Risk and Executive Committees. David was responsible for a Short-Term Markets trading profit centre and for the management of short-term liquidity.5) White Label BaaS Announcement with UK BANK after 12 months of discussions!CEO's latest post on LinkedInExciting times at Fiinu! We're committed to maximizing the potential of our Plugin Overdraft® platform and proprietary intellectual property. Our belief in Open Banking and AI-driven technology is transforming financial services. Our innovative Plugin Overdraft AI underwriting agent, which utilises artificial neural networks and Markov chains, is a testament to our dedication to advancing the banking experience. We're actively engaging with banks beyond the UK and progressing discussions to secure regulatory capital for Fiinu Bank. This strategic collaboration is a significant milestone for us, and we are eager to deliver groundbreaking solutions to customers across the UK!The downside is, they will need to raise, but who knows what this looks like, at what price and cost to existing investors? With the BOD holding so many of the shares in issue, they will not want to dilute their holding too much, so maybe enough to see them through to launch in Q4 this year, in the mean time they need capital to obtain their banking licence, however after 12 months discussions to get to this stage to white label their flagship Baas Product, perhaps the bank in question will be happy to finance Fiinu or take a stake in the company?Either way - this is a very exciting share to be in and the rises we've seen have been built on substance, without much noise from the usual pumpers on social media and telegram groups!Reply |
Posted at 16/1/2025 12:23 by bmwman3 CEO is a genius#BANK ceoCheck his history!https://www. |
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