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Immedia ( (GB:BANK) ) just unveiled an announcement.
Fiinu Plc has announced the readmission of its shares to trading on AIM following the reverse takeover of Everfex P.S.A. The acquisition of Everfex, a company providing currency hedging solutions in Poland, is seen as a strategic move to enhance Fiinu’s presence in the foreign exchange market and strengthen its service offerings to SMEs across Europe. The transaction aligns with Fiinu’s technology-led strategy, expanding the reach of its Plugin Overdraft® and BaaS offerings. Additionally, Fiinu has appointed two new directors to its board, further bolstering its leadership as it integrates Everfex and continues its expansion.
More about Immedia
Fiinu Plc is a fintech company specializing in the development of the Plugin Overdraft®, an Open Banking-enabled unbundled overdraft solution. This product allows customers to access overdraft facilities without changing their existing bank accounts. Fiinu also offers Banking as a Service (BaaS) and AI-driven underwriting solutions, targeting a substantial market opportunity in the UK with over 29 million potential retail consumers.
Average Trading Volume: 516,695
Technical Sentiment Signal: Buy
Current Market Cap: £41.19M
Learn more about BANK stock on TipRanks’ Stock Analysis page.