Immedia ( (GB:BANK) ) has provided an announcement.
Fiinu, a fintech company known for its innovative Plugin Overdraft® solution, has announced significant changes in its leadership and operational strategy. Dr. Feyzullah Egriboyun has been appointed as the new Chief Financial Officer, bringing extensive experience in international finance and digital banking. The company is progressing with its Plugin Overdraft® platform, aiming to launch it as a white-label offering in the UK by Q4 2025. Fiinu has secured additional equity capital and re-hired key personnel to lead this initiative, marking a strategic move to expand its market presence and foster partnerships with other banks.
More about Immedia
Fiinu, founded in 2017, is a fintech group that has developed the Plugin Overdraft®, an unbundled overdraft solution that allows customers to have an overdraft without changing their existing bank. The underlying bank Independent Overdraft® technology platform is bank agnostic, enabling it to serve all other banks’ customers. The Plugin Overdraft® platform can technically access over 100 million bank accounts in the UK. Open Banking allows Fiinu’s Plugin Overdraft® to attach (“plugin”) to the customer’s existing primary bank account, no matter which bank they may use. Fiinu’s vision is built around Open Banking, and it believes it increases competition and innovation in banking.
YTD Price Performance: 1700.0%
Average Trading Volume: 2,472,368
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £25.78M
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