Fiinu PLC Reports Substantial Loss Reduction

Immedia (GB:BANK) has released an update.

Fiinu PLC, a fintech group known for its Plugin Overdraft® technology, has significantly reduced its pre-tax losses by 95% in the first half of 2024 compared to the previous year, with a current cash position of £0.7m. The company has completed cost-cutting measures and is actively pursuing funding options and strategic partnerships to expand its financial inclusion mission. Fiinu is also exploring the potential for white-labelling and licensing their technology, with a focus on businesses that align with their open banking and pan-European growth strategies.

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