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Operational Update and Adviser Change

8th Oct 2025 07:00

RNS Number : 5318C
Fiinu PLC
08 October 2025
 

Information contained within this Announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

8 October 2025

 

Fiinu Plc

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

 

OperationalUpdateandAdviserChange

 

FiinuPlc (AIM: BANK), the fintech group and creator of the Plugin Overdraft®, provides the following operational update alongside confirmation of changes to its adviser arrangements.

 

ConvertibleLoanDrawdown

 

The Company confirms that, further to its notification on 22 September 2025, it has now fully drawn down the £2million convertible loan facility agreed with ConisterBankLimited ("Conister").

 

The proceeds will be used, primarily, for general working capital purposes and to support the continued development and commercialisation of Fiinu's proprietary technology platform. The terms of this facility remain unchanged.

 

The Board values the ongoing support from Conister, which has been a constructive and committed partner as the partnership progresses towards the joint launch ofthe PlugInOverdraft®, which remains scheduled for launch in Q4 2025.

 

CorporateBrokerUpdate

 

Fiinu announces the appointment of Marex Financial as the Company's Joint Broker with immediate effect. Oberon Capital remains as the Company's other Joint Broker.

 

As part of this change, Fiinu confirms that the Company's retained broking arrangement with SP Angel Corporate Finance LLP has now concluded. The Board of Fiinu would like to take this opportunity to thank the team at SP Angel for its valued support and advice over the past three years, during which time they have contributed significantly to the Company's development and market presence. The parting is on good terms, and both parties remain committed to maintaining a positive working relationship going forward.

 

Outlook

 

These developments reinforce the Company's strategic progress, strengthen its capital position, and should enhance its market representation as Fiinu prepares for its next stage of growth. Coupled with the planned strengthening of its management team, the Board remains confident inFiinu'sdirection and looks forward to updating shareholders on further milestones in due course.

 

The Directors of the Company are responsible for the release of this announcement.

 

*ENDS*

For further information, please contact: 

Fiinu Plc

Dr. Marko Sjoblom - CEO

Tel: +44 (0) 1932 629 532

SPARK Advisory Partners Limited (Nomad)

Mark Brady / Jade Bayat

Tel: +44 (0) 203 368 3550

Email: fiinu@sparkapl.com

Marex Financial (Joint Broker)

Angelo Sofocleous / Keith Swann / Matt Bailey

Tel: +44 (0) 207 655 6000

Email: [email protected]

Oberon Investment Limited (Joint Broker)

Nick Lovering / Adam Pollock / Mike Seabrook

Tel: +44 (0)203 179 5300

 

Brazil (Financial PR)

Joshua van Raalte / Jamie Lester /Christine Webb

Tel: +44 (0) 207 785 7383

 

For more information, please visit www.fiinuplc.com

 

 

 

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END
 
 
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