Fiinu PLC No direct exposure to Silicon Valley Bank (7213S)

TIDMBANK

RNS Number : 7213S

Fiinu PLC

13 March 2023

13 March 2023

Fiinu Plc

("Fiinu", the "Company" or the "Group")

No direct exposure to Silicon Valley Bank

The Board of Fiinu (AIM: BANK), a fintech company including the fully owned Fiinu Bank Limited, creator of the Plugin Overdraft(R), notes the recent announcements and press coverage in relation to Silicon Valley Bank and confirms that it has no direct exposure or affiliation with Silicon Valley Bank or its UK subsidiary.

ENDS

 
 Enquiries: 
 Fiinu plc                                    via Brazil London (press 
  Chris Sweeney, Chief Executive Officer       office for Fiinu) 
  Philip Tansey, Chief Financial Officer 
  www.fiinu.com 
 SPARK Advisory Partners Limited (Nomad)      Tel: [phone] 
  Mark Brady / Adam Dawes                      3550 
 SP Angel Corporate Finance LLP (Joint        Tel: [phone] 
  Broker)                                      0470 
  Abigail Wayne / Matthew Johnson 
 Panmure Gordon (UK) Limited (Joint Broker)   Tel: [phone] 
  Stephen Jones / Atholl Tweedie (Corporate    2500 
  Finance) 
  Tom Scrivens / Charles Leigh-Pemberton 
  (Corporate Broking) 
 Brazil London (press office for Fiinu)       Tel: [phone] 
  Joshua Van Raalte / Christine Webb /         7383 
  Jamie Lester                                 Email: [e-mail] 
 

About Fiinu

Fiinu, founded in 2017, is a fintech group, including Fiinu Bank({1]) , which is authorised by the Prudential Regulatory Authority([1]) . Fiinu's Plugin Overdraft(R) is an unbundled overdraft solution which allows customers to have an overdraft with Fiinu Bank without changing their existing bank. The underlying Bank Independent Overdraft(R) technology platform is bank agnostic, allowing Fiinu Bank to serve all other banks' customers. Open Banking allows Fiinu's Plugin Overdraft(R) to attach ("plugin") to the customer's primary bank account, no matter which bank they may use. Fiinu's vision is built around Open Banking, and it believes that it increases competition and innovation in UK banking.

For more information, please visit www.fiinu.com .

([1]) Fiinu Bank Limited obtained its UK deposit-taking banking licence with restrictions from the Prudential Regulation Authority (PRA) and with the consent of the Financial Conduct Authority (FCA) in July 2022.

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(END) Dow Jones Newswires

March 13, 2023 03:00 ET (07:00 GMT)