TIDMBANK

RNS Number : 7213S

Fiinu PLC

13 March 2023

13 March 2023

Fiinu Plc

("Fiinu", the "Company" or the "Group")

No direct exposure to Silicon Valley Bank

The Board of Fiinu (AIM: BANK), a fintech company including the fully owned Fiinu Bank Limited, creator of the Plugin Overdraft(R), notes the recent announcements and press coverage in relation to Silicon Valley Bank and confirms that it has no direct exposure or affiliation with Silicon Valley Bank or its UK subsidiary.

ENDS

 
 Enquiries: 
 Fiinu plc                                    via Brazil London (press 
  Chris Sweeney, Chief Executive Officer       office for Fiinu) 
  Philip Tansey, Chief Financial Officer 
  www.fiinu.com 
 SPARK Advisory Partners Limited (Nomad)      Tel: +44 (0) 203 368 
  Mark Brady / Adam Dawes                      3550 
 SP Angel Corporate Finance LLP (Joint        Tel: +44 (0) 207 470 
  Broker)                                      0470 
  Abigail Wayne / Matthew Johnson 
 Panmure Gordon (UK) Limited (Joint Broker)   Tel: +44 (0)207 886 
  Stephen Jones / Atholl Tweedie (Corporate    2500 
  Finance) 
  Tom Scrivens / Charles Leigh-Pemberton 
  (Corporate Broking) 
 Brazil London (press office for Fiinu)       Tel: +44 (0) 207 785 
  Joshua Van Raalte / Christine Webb /         7383 
  Jamie Lester                                 Email: fiinu@agencybrazil.com

About Fiinu

Fiinu, founded in 2017, is a fintech group, including Fiinu Bank({1]) , which is authorised by the Prudential Regulatory Authority([1]) . Fiinu's Plugin Overdraft(R) is an unbundled overdraft solution which allows customers to have an overdraft with Fiinu Bank without changing their existing bank. The underlying Bank Independent Overdraft(R) technology platform is bank agnostic, allowing Fiinu Bank to serve all other banks' customers. Open Banking allows Fiinu's Plugin Overdraft(R) to attach ("plugin") to the customer's primary bank account, no matter which bank they may use. Fiinu's vision is built around Open Banking, and it believes that it increases competition and innovation in UK banking.

For more information, please visit www.fiinu.com .

([1]) Fiinu Bank Limited obtained its UK deposit-taking banking licence with restrictions from the Prudential Regulation Authority (PRA) and with the consent of the Financial Conduct Authority (FCA) in July 2022.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCJJMFTMTIBMAJ

(END) Dow Jones Newswires

March 13, 2023 03:00 ET (07:00 GMT)

Fiinu (LSE:BANK)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Fiinu Charts.
Fiinu (LSE:BANK)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Fiinu Charts.