Ferratum

Pave Bank Launches with $5.2M Funding Round for Programmable Money Revolution

Retrieved on: 
Sunday, December 17, 2023
Elis James, Carta Worldwide, Digital, Partnership, Blockchain, Trust, World Bank, Fintech, Central bank, European, Citibank, Ferratum, Treasury, Safety, Capital, Community business development corporation, VP Bank, Starling Bank, Vocalink, Cryptocurrency

Pave Bank launches a new programmable bank at the intersection of traditional finance and digital assets. Having secured a banking license, they have built the bank from the ground up catered to global businesses in the new economy.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - December 17, 2023) - Launching today, Pave Bank is the world's first programmable bank giving businesses access to new technologies so they can bank more efficiently and access the new economy.
  • Salim Dhanani added: "There are two major trends that led us to create Pave Bank.
  • This shift is not a user experience shift, it is a change of the very nature of money and value, for which Pave Bank is built.
  • FT Partners was the exclusive financial and strategic advisor to Pave Bank on this transaction.

DGAP-News: Ferratum Capital Germany GmbH: Multitude SE publishes H1 2021 results

Retrieved on: 
Thursday, August 19, 2021
Transfer, FRU, Relocation, Fitch Ratings, EBIT, Growth, IDR, Human, Proposal, Hybrid bond graph, Board of directors, Efficiency, Statute, Director, Person, D, Ferratum, Marketing, MTV Europe Music Award for Best Finnish Act, Automation, IFRS, Board, SE, Risk, Council Regulation (EC) No 1/2005, Mobile banking, COVID-19, Frankfurt Stock Exchange, Regulation (European Union), Technology, Article, Film, Animal, Bank, Security (finance)

Multitude achieved an EBIT of EUR 7.7 million in Q2 2021 compared to EUR 12.3 million in Q2 2020.

Key Points: 
  • Multitude achieved an EBIT of EUR 7.7 million in Q2 2021 compared to EUR 12.3 million in Q2 2020.
  • In H1 2021 Group revenue stood at EUR 104.5 million, a decrease of 13.7% compared to H1 2020 (EUR 121.1 million).
  • The Group achieved a profit for the first half of 2021 of EUR 2.4 million (H1 2020: EUR - 2.3 million).
  • Fitch Ratings has affirmed the long-term rating of the senior unsecured notes issued by Ferratum Capital Germany GmbH at 'B+'/RR4 on 10 June 2021.

DGAP-News: Ferratum Oyj: Multitude SE publishes H1 2021 results

Retrieved on: 
Thursday, August 19, 2021
Transfer, FRU, Relocation, Fitch Ratings, EBIT, Growth, IDR, Human, Proposal, Hybrid bond graph, Board of directors, Efficiency, Statute, Director, Person, D, Ferratum, Marketing, MTV Europe Music Award for Best Finnish Act, Automation, IFRS, Board, SE, Risk, Council Regulation (EC) No 1/2005, Mobile banking, COVID-19, Frankfurt Stock Exchange, Regulation (European Union), Technology, Article, Film, Animal, Bank, Security (finance)

The Ferratum tribe revenues came in at EUR 89.8 million, a decrease of 14.1% y-o-y (H1 2020: 104.5 million) while CapitalBox reached EUR 11.2 million, losing 25.6% (H1 2020: 15.0 million).

Key Points: 
  • The Ferratum tribe revenues came in at EUR 89.8 million, a decrease of 14.1% y-o-y (H1 2020: 104.5 million) while CapitalBox reached EUR 11.2 million, losing 25.6% (H1 2020: 15.0 million).
  • Multitude achieved an EBIT of EUR 7.7 million in Q2 2021 compared to EUR 12.3 million in Q2 2020.
  • In H1 2021 Group revenue stood at EUR 104.5 million, a decrease of 13.7% compared to H1 2020 (EUR 121.1 million).
  • The Group achieved a profit for the first half of 2021 of EUR 2.4 million (H1 2020: EUR - 2.3 million).

DGAP-News: Ferratum Capital Germany GmbH: Multitude SE reschedules the publication of its H1 and 9M reports

Retrieved on: 
Monday, July 5, 2021
Finance, Service industries, Companies, Ferratum, Mobile banking, Bank, ING Group

Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.

Key Points: 
  • Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.
  • Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded to operate in 19 countries across Europe, South and North America, Australia and Asia.
  • As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution.
  • Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.'

DGAP-News: Ferratum Oyj: Multitude SE reschedules the publication of its H1 and 9M reports

Retrieved on: 
Monday, July 5, 2021
Finance, Service industries, Companies, Ferratum, Mobile banking, Bank, ING Group

Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.

Key Points: 
  • Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.
  • Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded to operate in 19 countries across Europe, South and North America, Australia and Asia.
  • As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution.
  • Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.'

DGAP-News: Ferratum Capital Germany GmbH: Ferratum Capital Germany GmbH announces tender offer regarding outstanding senior unsecured floating rate bonds

Retrieved on: 
Thursday, June 10, 2021
Ferratum, Bond, Security

The purchase price in the Tender Offer will be 101.50% of the nominal amount for the 2022 Bonds and 102.00% of the nominal amount for the 2023 Bonds.

Key Points: 
  • The purchase price in the Tender Offer will be 101.50% of the nominal amount for the 2022 Bonds and 102.00% of the nominal amount for the 2023 Bonds.
  • The full terms and conditions of the Tender Offer can be found in the tender information document which will be made available on the Issuer's website.
  • Fitch Ratings has affirmed Ferratum Oyj's Long-Term Issuer Default Rating (IDR) at 'B+' with a Negative Outlook and the long-term rating of the senior unsecured notes issued by Ferratum Capital Germany GmbH at 'B+'/RR4 on 10 June 2021.
  • This information is information that Ferratum Capital Germany GmbH is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act.

DGAP-News: Ferratum Oyj: Invitation to Ferratum Oyj's Capital Markets Day on 8 June 2021

Retrieved on: 
Monday, May 31, 2021
Ferratum, Finance, Financial services, Service companies

Helsinki, 31 May 2021 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") invites financial analysts, institutional and retail investors to a Capital Markets Day, to be held virtually, on Tuesday, 8 June 2021 at 14:00 CET.

Key Points: 
  • Helsinki, 31 May 2021 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") invites financial analysts, institutional and retail investors to a Capital Markets Day, to be held virtually, on Tuesday, 8 June 2021 at 14:00 CET.
  • During the event, top management will provide an update on the Group's strategic ambitions, including the new brand and tribes, and on the Group's financial targets.
  • Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.
  • As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution.

DGAP-News: Ferratum Capital Germany GmbH: Ferratum Group publishes Q1 2021 results

Retrieved on: 
Wednesday, May 12, 2021
Financial law, Risk, Actuarial science, Ferratum, Financial risk, Finance, Hedge, Money, Derivative

b"The Group introduced during Q1 2021 a matching share plan for its employees.

Key Points: 
  • b"The Group introduced during Q1 2021 a matching share plan for its employees.
  • Under the program, employees have twice a year the opportunity to invest 5% of their annual salary in the Company's shares.
  • The prudent management of risks minimises the probability of unexpected losses and threats to the reputation of the Group.
  • Ferratum uses derivative financial instruments to hedge certain risk exposures.\nOperational risks, IT risks, as well as legal and regulatory risks, are of high relevance for The Group.

DGAP-News: Ferratum Oyj: Ferratum Group publishes Q1 2021 results

Retrieved on: 
Wednesday, May 12, 2021
Financial law, Actuarial science, Risk, Ferratum, Finance, Financial risk, Hedge, Money, Derivative

b"The Group introduced during Q1 2021 a matching share plan for its employees.

Key Points: 
  • b"The Group introduced during Q1 2021 a matching share plan for its employees.
  • The prudent management of risks minimises the probability of unexpected losses and threats to the reputation of the Group.
  • The CEO of the Group is responsible for the daily operations.
  • Ferratum uses derivative financial instruments to hedge certain risk exposures.\nOperational risks, IT risks, as well as legal and regulatory risks, are of high relevance for The Group.

DGAP-News: Ferratum Oyj: Ferratum Oyj's Board of Directors elects Chairman and Vice Chairman and decides on Committee compositions

Retrieved on: 
Monday, May 10, 2021
Ferratum, Michael A. Cusumano, Mobile banking, Service industries, Financial services, Finance

b'The issuer is solely responsible for the content of this announcement.\nHelsinki, 10 May 2021 - The Board of Directors of Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or "the Group") has decided to elect Frederik Strange as the new Chairman of the Board of Directors and Jorma Jokela as the Vice Chairman of the Board of Directors.\nThe Board of Directors has also decided the compositions of its Committees, which are as follows:\nRisk Committee: Clemens Krause (Chairman), Frederik Strange and Michael A. Cusumano\nFerratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.

Key Points: 
  • b'The issuer is solely responsible for the content of this announcement.\nHelsinki, 10 May 2021 - The Board of Directors of Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or "the Group") has decided to elect Frederik Strange as the new Chairman of the Board of Directors and Jorma Jokela as the Vice Chairman of the Board of Directors.\nThe Board of Directors has also decided the compositions of its Committees, which are as follows:\nRisk Committee: Clemens Krause (Chairman), Frederik Strange and Michael A. Cusumano\nFerratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.
  • Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded to operate in 20 countries across Europe, Africa, South and North America, Australia and Asia.\nAs a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution.
  • Ferratum has approximately 530,000 active customers that have an open Mobile Bank or Wallet account or an active loan balance in the last 12 months (as at 31 December 2020).\nFerratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol \'FRU.\' For more information, visit www.ferratumgroup.com.\n'