Fiinu shares resume trading on AIM following Everfex acquisition

LONDON - Fintech company Fiinu Plc (AIM:BANK) resumed trading on the London Stock Exchange’s AIM market on Wednesday following the completion of its reverse takeover of foreign exchange services provider Everfex P.S.A.

The company, which develops Open Banking-enabled overdraft solutions, announced two new board appointments as part of the transaction. Sami Kalliola joins as Chief Strategy Officer, holding 2 million ordinary shares (0.53% of issued share capital) and 1.25 million options, while Mark Wallace becomes an Independent Non-Executive Director and Chair of Everfex, holding 1.43 million shares (0.38%).

Fiinu’s core product, the Plugin Overdraft, allows customers to access overdraft facilities without changing their existing bank accounts. The company’s platform can technically connect to over 95 million UK bank accounts through Open Banking infrastructure.

Everfex, which trades as Stały Kurs in Poland, provides currency hedging solutions for small and medium-sized businesses. According to the company’s statement, Everfex achieved its first profitable full operational year in 2024 with an unaudited operating profit of approximately 6.57 million Polish zloty. The business reportedly executed over $1 billion in spot, swap, and forward contracts last year.

"The completion of the Everfex acquisition is a significant step in Fiinu’s strategic journey, broadening our presence in the foreign exchange market and strengthening our capabilities in serving SME customers across Europe," said Marko Sjoblom, CEO of Fiinu, in the press release.

In January 2025, Fiinu announced signing non-binding heads of terms for its first white label deal for its Plugin Overdraft product with an independent UK bank, with launch anticipated during the fourth quarter of 2025.

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