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Immedia ( (GB:BANK) ) has provided an update.
Fiinu PLC has announced its entry into an Acquisition Agreement for the proposed acquisition of Everfex P.S.A, marking a reverse takeover under AIM Rule 14. The company has also entered into various agreements, including service agreements with long-term incentive arrangements for the CEO and a proposed director, and has secured £801,000 through subscription agreements for new shares. This acquisition and the related agreements are expected to significantly impact Fiinu’s operations by expanding its market presence and enhancing its strategic positioning in the fintech industry.
More about Immedia
Fiinu, founded in 2017, is a fintech group that developed the Plugin Overdraft®, an unbundled overdraft solution allowing customers to have an overdraft without changing their existing bank. The Bank Independent Overdraft® technology platform is bank agnostic, enabling it to serve all banks’ customers. Fiinu’s vision is built around Open Banking, which it believes enhances competition and innovation in UK banking.
Average Trading Volume: 250,503
Technical Sentiment Signal: Buy
Current Market Cap: £27.57M
See more insights into BANK stock on TipRanks’ Stock Analysis page.