Multitude Group kooperiert mit estnischem Fintech Hoovi

Dienstag, 18. März 2025

Mitteilung der Multitude AG:

Multitude Group partners with fintech Hoovi to provide EUR 8 million in debt capital

– Further step on the way to becoming a leading European fintech platform

– Provision of EUR 8 million in debt capital

Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs (WKN: A40VJN, ISIN: CH1398992755) (“Multitude”, “Company” or “Group”) announces that its business unit, Wholesale Banking has entered into a strategic partnership with Hoovi in Estonia, providing EUR 8 million of debt capital to Hoovi via a structured bond issue to accelerate the company’s expansion.

Hoovi is a fast-growing Estonian FinTech company specialising in embedded credit and hire purchase solutions for merchants and SMEs. By directly integrating financing options into business transactions, Hoovi enables merchants to increase their sales and improve financing for customers.

With the new partnership, Multitude Group is confirming its commitment to providing much-needed capital to businesses and other FinTechs, as well as its ambition to build the most valuable financial platform in Europe for customers neglected by traditional banks. Following the acquisition of Omniveta in March 2024 as well as acquiring a 9.9% stake in Lea Bank in October 2024 and partnership with HeavyFinance in November 2024, the cooperation with Hoovi is a further step in the Group’s growth strategy and underlines the company’s ambition to expand its business model through organic growth, partnerships and M&A transactions.

“We are very pleased to be working with Hoovi,” comments Alain Nydegger, CEO of Wholesale Banking at Multitude, on the transaction.” It allows us to promote innovative and customised financial solutions in Estonia, in line with our vision of providing much-needed capital to small and medium-sized companies, either directly or through partners.”

“The digital lending market still holds significant growth potential. We are committed to supporting innovative financial solutions and strengthening digital financing for Fintechs and others,” said Antti Kumpulainen, CEO of Multitude Group. “Our goal is to become a key alternative to traditional banks. This transaction brings us one step closer to that vision and further demonstrates the growth potential of our new Wholesale Banking unit.”

Multitude’s Wholesale Banking segment was only established as an independent business unit in January 2024 and has quickly become a growth driver in the area of institutional finance space. Multitude Bank p.l.c., a subsidiary of the Group, provides the loans for this business unit. Multitude Wholesale Banking operates in six European countries and serves a diverse customer base, including FinTechs, SMEs and payment service providers. It has also expanded its offering in the area of payment solutions, enabling institutional customers to make real-time payments in SEK and EUR.

Multitude AG

Foto: pixabay.com

Anleihen Finder Datenbank

Unternehmensanleihe der Ferratum Capital Germany GmbH 2019/2023 (getilgt)

Unternehmensanleihe der Ferratum Capital Germany GmbH 2018/2022 (getilgt)

Unternehmensanleihe 2022/25 der Multitude SE