REG - Fiinu PLC - No direct exposure to Silicon Valley Bank

FiinuAnnouncement

13/03/2023 07:00

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RNS Number : 7213S  Fiinu PLC  13 March 2023

13 March 2023

Fiinu Plc

("Fiinu", the "Company" or the "Group")

No direct exposure to Silicon Valley Bank

The Board of Fiinu (AIM: BANK), a fintech company including the fully owned
Fiinu Bank Limited, creator of the Plugin Overdraft®, notes the recent
announcements and press coverage in relation to Silicon Valley Bank and
confirms that it has no direct exposure or affiliation with Silicon Valley
Bank or its UK subsidiary.

 

ENDS

 Enquiries:
 Fiinu plc                                                    via Brazil London (press office for Fiinu)

 Chris Sweeney, Chief Executive Officer

 Philip Tansey, Chief Financial Officer

 www.fiinu.com (http://www.fiinu.com)
 SPARK Advisory Partners Limited (Nomad)                      Tel:  +44 (0) 203 368 3550

 Mark Brady / Adam Dawes
 SP Angel Corporate Finance LLP (Joint Broker)                Tel:  +44 (0) 207 470 0470

 Abigail Wayne / Matthew Johnson
 Panmure Gordon (UK) Limited (Joint Broker)                   Tel:  +44 (0)207 886 2500

 Stephen Jones / Atholl Tweedie (Corporate Finance)

 Tom Scrivens / Charles Leigh-Pemberton (Corporate Broking)
 Brazil London (press office for Fiinu)                       Tel:  +44 (0) 207 785 7383

 Joshua Van Raalte / Christine Webb / Jamie Lester            Email: fiinu@agencybrazil.com

About Fiinu

Fiinu, founded in 2017, is a fintech group, including Fiinu Bank({1]), which
is authorised by the Prudential Regulatory Authority( 1 ). Fiinu's Plugin
Overdraft® is an unbundled overdraft solution which allows customers to have
an overdraft with Fiinu Bank without changing their existing bank. The
underlying Bank Independent Overdraft® technology platform is bank agnostic,
allowing Fiinu Bank to serve all other banks' customers. Open Banking allows
Fiinu's Plugin Overdraft® to attach ("plugin") to the customer's primary bank
account, no matter which bank they may use. Fiinu's vision is built around
Open Banking, and it believes that it increases competition and innovation in
UK banking.

For more information, please visit www.fiinu.com (http://www.fiinu.com) .

( 1 ) Fiinu Bank Limited obtained its UK deposit-taking banking licence with
restrictions from the Prudential Regulation Authority (PRA) and with the
consent of the Financial Conduct Authority (FCA) in July 2022.

 

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