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Retrieved on:
Wednesday, April 10, 2024
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Wednesday, April 10, 2024
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Wednesday, April 10, 2024
Retrieved on:
Wednesday, April 10, 2024
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European Helsinki, 28 March 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or “Group”) announces that Alain Nydegger will start as Tribe CEO for Multitude Group’s newly launched independent business unit, Wholesale Banking and joins the Group Leadership Team.
Key Points:
- Helsinki, 28 March 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or “Group”) announces that Alain Nydegger will start as Tribe CEO for Multitude Group’s newly launched independent business unit, Wholesale Banking and joins the Group Leadership Team.
- The wholesale banking unit offers two services: Secured Debt and a Payment Solution for non-bank lenders, FinTech’s and other larger volume customers, who are overlooked by traditional main street banks.
- Alain joins Multitude as a seasoned leader and brings a wealth of experience, having spent the past 17 years in the financial industry.
- The combination of Alain's credentials alongside the Group's extensive financial services and technology management expertise accumulated over the past two decades strongly positions our wholesale banking unit.
Retrieved on:
Wednesday, March 13, 2024
Helsinki, 19 February 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “Company” or “Group”) announces, that its business unit CapitalBox, the leading FinTech lender for small- and medium-sized enterprises in Europe, officially launches its new comprehensive collateral lending program today.
Key Points:
- Helsinki, 19 February 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “Company” or “Group”) announces, that its business unit CapitalBox, the leading FinTech lender for small- and medium-sized enterprises in Europe, officially launches its new comprehensive collateral lending program today.
- CapitalBox’s new collateral lending program provides secured instalment loans that run from €100,000 to €1 million – in other words, the kind of cash infusion and capital SMEs need to expand meaningfully, not just stay afloat.
- "We’ve been working towards expanding into collateral lending for some time now, which is instrumental to our commitment to helping SMEs traditionally overlooked by conventional banks.
- We’re ready and waiting to make their lives easier and their businesses more successful,” said Mantvydas Štareika, CEO of CapitalBox.
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Wednesday, March 13, 2024
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Wednesday, March 13, 2024
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Wednesday, March 13, 2024
The parties have agreed not to disclose the terms of the transaction, which will take effect from 1st March 2024.
Key Points:
- The parties have agreed not to disclose the terms of the transaction, which will take effect from 1st March 2024.
- With this acquisition, CapitalBox is further expanding its market position in the area of business loans, reinforcing Multitude's SME banking segment.
- Omniveta will assume the name CapitalBox moving forward, and its entire team will be integrated into the CapitalBox’s Danish division.
- By combining CapitalBox and Omniveta, we are consistently expanding our business model and our added value.
Retrieved on:
Thursday, February 15, 2024
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Thursday, February 15, 2024
Multitude SE: Fitch Revises Multitude's Outlook to Positive; Affirms IDR at B+
Key Points:
- Multitude SE: Fitch Revises Multitude's Outlook to Positive; Affirms IDR at B+
The issuer is solely responsible for the content of this announcement.
- Multitude SE: Fitch Revises Multitude's Outlook to Positive; Affirms IDR at B+
Helsinki, 15 February 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “Company”) announces that Fitch Ratings has revised Multitude SE's and its fully-owned operating bank Multitude Bank plc's Outlooks to Positive from Stable, while affirming their Long-Term Issuer Default Ratings (IDRs) at 'B+'.
- Multitude's senior unsecured notes have been affirmed at 'B+' with a Recovery Rating of 'RR4' and its subordinated hybrid perpetual capital notes at 'B-' with 'RR6'.
