Fiinu Plc

Equities

IME

GB0033881904

Financial Technology (Fintech)

Delayed London S.E. Other stock markets 03:14:48 16/05/2024 pm IST			5-day change	1st Jan Change
0.905 ^GBX	-2.16%		-2.16%	+39.23%

23/04	EARNINGS: Videndum warns on recovery; AB Dynamics expects profit beat	AN
09/01	Fiinu Says Unaware of Reasons for Share Surge; Talks With Potential Investors Ongoing	MT

Fiinu loss balloons amid higher administrative costs

June 08, 2023 at 04:42 pm IST

Fiinu PLC - Weybridge, England-based digital bank that offers short-term credit to consumers via an arranged overdraft - Posts loss of GBP8.2 million for the period to December 31, as company shifts its financial year to be aligned with the calendar year. Does not define when period started. Compares this to a loss of GBP975,187 for the financial year before, which ended on March 31, 2022. Administrative expenses increase to GBP8.2 million from GBP973,965. Looking ahead, company focuses on securing GBP34 million to GBP42 million of capital and a full unrestricted banking licence in the second half of 2023.

Current stock price: 7.51 pence, down 3.1% on Thursday

12-month change: down 67%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Fiinu Plc

EARNINGS: Videndum warns on recovery; AB Dynamics expects profit beat	23/04	AN
Fiinu Says Unaware of Reasons for Share Surge; Talks With Potential Investors Ongoing	09/01	MT
Fiinu puzzled by share jump; focus on licence reapplication	09/01	AN
Fiinu to Start Hiring Process, Raise Capital Ahead of UK Banking License Reapplication	29/12	MT
Fiinu Confirms CEO's Exit by Year-end; Founder to Take Over	29/12	MT
Fiinu up after board changes to finance banking licence re-application	29/12	AN
Fiinu plc Announces Change in Its Registered Office Address	24/11	CI
Fiinu funding talks fail to progress, plans headcount cuts	03/23/03	AN
FTSE 100 Closes Up, Capping off a Positive Quarter	29/23/29	DJ
Fiinu Group CEO to Exit by Year-end; Founder to Take Helm	29/23/29	MT
Fiinu plc Announces Chief Executive Officer Changes, Effective 31 December 2023	29/23/29	CI
Fiinu plc Announces Board Changes, Effective 31 December 2023	29/23/29	CI
FTSE 100 Closes Down 0.6% on China Woes and Falls in Other Markets After U.S. Fed Minutes	17/23/17	DJ
UK Short-Term Gilt Yields Rise Faster Than Long-Term Gilt Yields	17/23/17	DJ
Fiinu still seeking bank licence application funding as loss widens	17/23/17	AN
Fiinu Plc Reports Earnings Results for the Half Year Ended June 30, 2023	17/23/17	CI
AIM WINNERS & LOSERS: Fiinu plunges on loss of UK banking licence	12/23/12	AN
Fiinu unable to reapply for withdrawn restricted UK banking licence	12/23/12	AN
FTSE 100 Stumbles as Utility Sector Drops on Fears Over Thames Water	29/23/29	DJ
Fiinu CFO Steps Down	29/23/29	MT
Fiinu plc Announces CFO Changes	29/23/29	CI
FTSE 100 Closes Down 0.3% Amid Increasing Concerns of Fed's Rate Hike	08/23/08	DJ
Shell Needs to Build Upstream Longevity	08/23/08	DJ
Fiinu loss balloons amid higher administrative costs	08/23/08	AN
Fintech Fiinu Raises GBP750,000 via Loan Conversion	28/23/28	MT

Chart Fiinu Plc

Duration

Period

More charts

Company Profile

Fiinu PLC is a United Kingdom-based financial technology company, which offers Plugin Overdraf, which is an unbundled overdraft solution that allows customers to have an overdraft with Fiinu Bank without changing their existing bank. It is focused on building a Bank Independent Overdraft platform for Fiinu Bank, which promotes its flagship banking product in the United Kingdom, its Plugin Overdraft, which gives consumers access to an overdraft facility without the need to switch banks and current accounts. It also helps to build credit and avoid rejection stress. The underlying Bank Independent Overdraft technology platform is bank agnostic, allowing Fiinu Bank to serve all other banks' customers. Open Banking allows the Companyâs Plugin Overdraft to attach (plugin) to the customer's primary bank account, no matter which bank they may use. Customers can link multiple bank accounts to their overdraft account through Open Banking application programming interfaces (APIs).

Sector

Financial Technology (Fintech)

Calendar

24/05/2024 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.00925

Average target price

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

Sector Financial Technology (Fintech) (NEC)

	1st Jan change	Capi.
FIINU PLC	+39.23%	32.25L
INTUIT INC.	+4.82%	18TCr
ADYEN N.V.	+10.85%	4.32TCr
FIDELITY NATIONAL INFORMATION SERVICES, INC.	+28.98%	4.31TCr
ROBINHOOD MARKETS, INC.	+45.37%	1.63TCr
FUTU HOLDINGS LIMITED	+36.50%	1.03TCr
AFFIRM HOLDINGS, INC.	-34.27%	998.47Cr
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	-26.02%	863.88Cr
PB FINTECH LIMITED	+60.03%	681.97Cr
STONECO LTD.	-16.89%	462.94Cr

Financial Technology (Fintech) (NEC)