Business
Half-Year results for the 6 months to 30 June 2025
Fiinu PLC announced its half-year results for the six months ended June 30, 2025, revealing a loss before tax of £980,338 and a cash balance of £643,490. The company raised £1,250,000 in February through share issuance at 10 pence each. Post period, Fiinu completed the acquisition of Everfex P.S.A. for an initial consideration of £8 million satisfied via issuing 80,000,000 new ordinary shares at 10p each, with a possible additional £4 million consideration. Approximately £0.8 million was raised through a conditional cash subscription by issuing 8,010,000 new ordinary shares at 10 pence per share related to the acquisition. In September, subscription agreements were entered to raise £1.4 million by issuing new ordinary shares at 15 pence each. A £1.15 million termination payment to GEM was settled by issuing 7,666,667 new ordinary shares at 15 pence per share. Disclaimer*
About this update from Fiinu Plc
[{"type":"text","content":"\n\n 08 September 2025\n \nThis announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation (EU) No. 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement, this information is considered to be in the public domain.\n \nFIINU PLC\n(\"Fiinu\" or the \"Company\" or the \"Group\")\nHalf-Year results for the six months ended 30 June 2025\n \n \nFiinu, a fintech group, creator of the Plugin Overdraft®, and recently re-admitted to trading on the AIM following the Acquisition of Everfex P.S.A., announces its unaudited half-year results for the six months ended 30 June 2025.\n \nBusiness Highlights\n \n· White-labelled Plugin Overdraft® Partnership: In January 2025, the Company announced non-binding heads of terms for its first white-label deal with a UK bank, providing an AI-driven Banking-as-a-Service (BaaS) platform that includes its Plugin Overdraft®. The platform will integrate with the bank's existing systems, marking a key milestone in Fiinu's growth. The UK bank is expected to launch this product in Q4 2025.\n· Capital Raised Through Share Issuance: In February 2025, the Company raised £1,250,000 by issuing 12.5 million new ordinary shares at an issue price of 10 pence each. The funds being used to further develop the Plugin Overdraft® as a white-label product and to support working capital needs.\n· Software Reactivation: In March 2025, the Company reactivated core Banking services provided by Tuum supporting the white-label Plugin Overdraft® alongside building in-house developer capacity.\n· Strategic Focus: While costs increased in the first half of the year, driven by efforts to complete the acquisition of Everfex PSA and the re-admission to trading on AIM, both milestones were successfully achieved in August 2025, positioning the Group for the next phase of growth.\nPost Period End Highlights\n \n· Completed the Acquisition of Everfex P.S.A.: In August 2025, the Company completed the acquisition of Everfex P.S.A. from Granicus Holdings OU, for an initial consideration of £8 million, to be satisfied through the issue of 80,000,000 new ordinary shares, at a price of 10p per new ordinary share. Additi...