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The latest announcement is out from Immedia ( (GB:BANK) ).
Fiinu Plc, a fintech innovator, announced a successful equity fundraising of £1,250,000 through the issuance of 12,500,000 new ordinary shares at 10 pence each. This capital will be directed towards further development of their Plugin Overdraft® as a white-label product and to support working capital needs. The new shares are set to be admitted to trading on AIM, increasing the total share capital to 287,247,246 ordinary shares. This move is expected to bolster Fiinu’s market presence and expand its innovative financial solutions in the competitive banking sector.
More about Immedia
Fiinu, established in 2017, is a fintech group specializing in the Plugin Overdraft®, a unique overdraft solution that allows customers to maintain their existing banking relationships while accessing overdraft services. The platform, based on Open Banking, is bank agnostic and can potentially reach over 100 million UK bank accounts, fostering increased competition and innovation in the banking industry.
YTD Price Performance: 2550.0%
Average Trading Volume: 2,215,937
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36.36M
For an in-depth examination of BANK stock, go to TipRanks’ Stock Analysis page.
