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RNS Number : 4224Z Manx Financial Group PLC 16 September 2025
FOR IMMEDIATE RELEASE
16 September 2025
Manx Financial Group PLC
(the "Group")
Manx Financial Group's subsidiary, Conister Bank, enters into an exclusive
agreement with Fiinu for an innovative overdraft product
Manx Financial Group Plc's subsidiary, Conister Bank Limited (the "Bank"), has
entered into an exclusive strategic partnership with Fiinu Plc ("Fiinu") to
introduce an innovative overdraft product in the United Kingdom, subject to
regulatory approval. This collaboration aims to enhance the Bank's short-term
lending products, including Buy Now Pay Later and insurance premium finance
offers.
The Bank has signed a Master Services Agreement with AIM traded Fiinu for a
minimum three-year exclusivity period to integrate Fiinu's overdraft
technology into its product suite.
This partnership reflects the Bank's commitment to delivering customer-driven
products and leveraging UK banking permissions to serve the underserved.
Douglas Grant, Conister's Managing Director and the Group's Chief Executive
Officer said:
"This investment and partnership underline our commitment to delivering
customer driven products in this challenging economic environment where we can
leverage our United Kingdom banking permissions where others cannot. Our focus
continues to be on offering market leading customer focused short term
products and Fiinu's plugin overdraft will address a known market need. As
such, Fiinu's technology complements our strategic vision and will enable us
to serve customers who are being overlooked by mainstream banking, thereby
reinforcing our premier position as the specialist deposit taker and lender in
the Isle of Man and UK."
Marko Sjoblom, Fiinu's Chief Executive Officer said:
"We are delighted to secure this partnership with Conister Bank. It validates
our technology and accelerates our mission to provide flexible credit
solutions to consumers and businesses."
For further information, please contact:
Manx Financial Group PLC Beaumont Cornish Limited Tavistock Communications Limited Greentarget Limited
Denham Eke Roland Cornish/ Simon Hudson/ Jamie Brownlee
James Biddle Kuba Stawiski
Tel: +44 (0) 1624 694694 Tel: +44 (0) 20 7628 3396 Tel: +44 207 920 3150 mfg@tavistock.co.uk Tel: +44 (0) 20 3307 5726
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.
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