REG - Fiinu PLC - Operational Update and Adviser Change

FiinuAnnouncement

Wed 07:00

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RNS Number : 5318C  Fiinu PLC  08 October 2025

Information contained within this Announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 which forms part of English law by virtue of the European
Union (Withdrawal) Act 2018, as amended. Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

 

8 October 2025

 

Fiinu Plc

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

 

Operational Update and Adviser Change

 

Fiinu Plc (AIM: BANK), the fintech group and creator of the Plugin
Overdraft®, provides the following operational update alongside confirmation
of changes to its adviser arrangements.

 

Convertible Loan Drawdown

 

The Company confirms that, further to its notification on 22 September 2025,
it has now fully drawn down the £2 million convertible loan facility agreed
 with Conister Bank Limited ("Conister").

 

The proceeds will be used, primarily, for general working capital purposes and
to support the continued development and commercialisation of Fiinu's
proprietary technology platform. The terms of this facility remain unchanged.

 

The Board values the ongoing support from Conister, which has been a
constructive and committed partner as the partnership progresses towards the
joint launch of the PlugIn Overdraft®, which remains scheduled for launch
in Q4 2025.

 

Corporate Broker Update

 

Fiinu announces the appointment of Marex Financial as the Company's Joint
Broker with immediate effect.  Oberon Capital remains as the Company's other
Joint Broker.

 

As part of this change, Fiinu confirms that the Company's retained broking
arrangement with SP Angel Corporate Finance LLP has now concluded.  The Board
of Fiinu would like to take this opportunity to thank the team at SP Angel for
its valued support and advice over the past three years, during which time
they have contributed significantly to the Company's development and market
presence. The parting is on good terms, and both parties remain committed to
maintaining a positive working relationship going forward.

 

Outlook

 

These developments reinforce the Company's strategic progress, strengthen its
capital position, and should enhance its market representation as Fiinu
prepares for its next stage of growth. Coupled with the planned strengthening
of its management team, the Board remains confident in Fiinu's direction
and looks forward to updating shareholders on further milestones in due
course.

 

The Directors of the Company are responsible for the release of this
announcement.

 

*ENDS*

For further information, please contact: 

 Fiinu Plc                                          Tel: +44 (0) 1932 629 532

 Dr. Marko Sjoblom - CEO

 SPARK Advisory Partners Limited (Nomad)            Tel: +44 (0) 203 368 3550

 Mark Brady / Jade Bayat                            E (mailto:Email:%20fiinu@sparkapl.com) mail: fiinu@sparkapl
                                                    (mailto:Email:%20fiinu@sparkapl.com) .com (mailto:Email:%20fiinu@sparkapl.com)

 Marex Financial (Joint Broker)                     Tel: +44 (0) 207 655 6000

 Angelo Sofocleous / Keith Swann / Matt Bailey      Email: corporate@marex.com (mailto:corporate@marex.com)

 Oberon Investment Limited (Joint Broker)           Tel: +44 (0)203 179 5300

 Nick Lovering / Adam Pollock / Mike Seabrook

 Brazil (Financial PR)                              Tel: +44 (0) 207 785 7383

 Joshua van Raalte / Jamie Lester /Christine Webb

 

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

 

 

 

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