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The latest announcement is out from Immedia ( (GB:BANK) ).
Fiinu Plc has successfully received shareholder approval for the acquisition of Everfex P.S.A, a company specializing in currency hedging solutions for small and medium-sized enterprises dealing with Polish Zloty fluctuations. This acquisition, classified as a reverse takeover, will lead to the issuance of additional shares and is expected to enhance Fiinu’s market positioning by expanding its service offerings. The move is anticipated to have significant implications for Fiinu’s operations and stakeholders, as it aligns with the company’s strategic goals of leveraging Open Banking to foster innovation and competition in the financial sector.
More about Immedia
Fiinu Plc, established in 2017, is a fintech company known for its innovative Plugin Overdraft®, a unique overdraft solution that operates independently of customers’ existing banks. The company’s technology platform, Independent Overdraft®, leverages Open Banking to connect with over 100 million bank accounts in the UK, promoting increased competition and innovation within the banking sector.
Average Trading Volume: 510,434
Technical Sentiment Signal: Buy
Current Market Cap: £36.85M
For a thorough assessment of BANK stock, go to TipRanks’ Stock Analysis page.