Fiinu Plc (AIM: BANK), the London-listed fintech behind the Plugin Overdraft® platform, has announced that it has entered into subscription agreements to raise up to £1.41 million in gross proceeds through the issue of 9.4 million new ordinary shares at a price of 15 pence per share.
The newly issued subscription shares will be allocated to a mix of institutional and other investors, with the funds intended to provide additional working capital to support Fiinu Plc’s ongoing growth strategy.
A significant portion of the fundraising will be subscribed by QVP, a Luxembourg-based investment fund known for backing innovative businesses and supporting entrepreneurs in scaling internationally. QVP has built a strong footprint, particularly in Poland, where it has demonstrated a successful track record of identifying and supporting high-growth opportunities across key European technology markets.
The issue price aligns with Fiinu’s recent major facility settlement, providing price consistency and stability for existing and new shareholders alike. The participation of a respected institutional investor such as QVP highlights market confidence in Fiinu’s strategic direction and signals renewed momentum for the company.
Application will be made for the subscription shares to be admitted to trading on AIM, with admission expected to take place on or around 17 September 2025.
David Luksenburg, Director, QVP, said:
“We are delighted to support Fiinu at this exciting stage of its journey. We believe Fiinu is well-positioned to capture significant growth opportunities across Europe, and our investment reflects our confidence in the Company’s strategy and management team. We look forward to being a long-term partner in its success.”
Marko Sjoblom, CEO, Fiinu plc, said:
“We are deeply grateful to QVP and all participating investors for their confidence in Fiinu. Their support enables us to accelerate our growth strategy and deliver value for all shareholders. Having long-standing clients such as Mikobud and Tomasz Sztuder (owner of Modern Hatch & ZWD Sztuder) also choose to invest is a strong endorsement of the quality and trust we have built through Fiinu Brokerage, which already supports over 4,000 import and export businesses in Poland. It demonstrates the strength of our products and our ability to act as true partners to our clients.”
“We have set a clear path toward profitability, powered by our two core products: the Plugin Overdraft® and Banking-as-a-Service offerings. My objective, which is tied to my long-term incentive plan, is to increase Fiinu’s valuation to £440 million and our share price to 110p within the next 36 months.”
