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LONDON - Fiinu PLC, a UK-based fintech group, has issued a correction to its "Final Results" announcement originally released on May 23, 2025, due to inaccuracies in the "Company Statement of Changes in Equity" table. The corrected financial results for the year ending December 31, 2024, have been published, with the company highlighting key milestones and strategic shifts in its operations.
The corrected report comes after the company identified two incorrect numbers in its equity statement, which have since been amended. The announcement of these final results is considered significant information in accordance with the Market Abuse Regulation (MAR), which is incorporated into UK law.
CEO Dr. Marko Sjoblom reflected on the past year as a period of strategic transformation, marked by the reinstatement of Fiinu’s UK banking license in 2023 and a transition to a more tech-centric business model. The company successfully reduced its monthly burn rate from £600,000 to £45,000, while maintaining its core capabilities and focusing on the licensing of its Plugin Overdraft® technology.
Fiinu has signed non-binding Heads of Terms with an independent UK bank in January 2025 to white-label its solution and is engaged in discussions with other institutions for potential adoption in retail and SME sectors. This interest indicates the commercial viability of Fiinu’s platform in the market.
In an effort to extend its market reach, Fiinu has broadened its strategic focus to include SMEs and financial institutions throughout Europe that are digitally underserved, aiming to improve their liquidity and customer engagement through its technology.
Financially, Fiinu has strengthened its position with a £1.25 million equity raise completed in February and a £511,000 R&D tax credit received in May 2025. These developments have extended the company’s financial runway until at least mid-2026.
Fiinu’s commitment to robust governance is emphasized by a positive board effectiveness review and the appointment of a new Executive Director and CFO in March 2025.
Looking ahead, with its product readiness, licensing initiatives, and funding secured, Fiinu is poised to focus on revenue generation throughout 2025. The company aspires to build a resilient, innovation-driven business that provides long-term value to its stakeholders. The information in this article is based on a press release statement from Fiinu PLC.
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