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 Chris Sweeney, Chief Executive Officer Philip Tansey, Chief Financial Officer | via Brazil London (press office for Fiinu) |
| SPARK Advisory Partners Limited (Nomad) Mark Brady / Adam Dawes | Tel: +44 (0) 203 368 3550 |
| SP Angel Corporate Finance LLP (Joint Broker) Abigail Wayne / Matthew Johnson | Tel: +44 (0) 207 470 0470 |
| Panmure Gordon (UK) Limited (Joint Broker) Stephen Jones / Atholl Tweedie (Corporate Finance) Tom Scrivens / Charles Leigh-Pemberton (Corporate Broking) | Tel: +44 (0)207 886 2500 |
| Brazil London (press office for Fiinu) Joshua Van Raalte / Christine Webb / Jamie Lester | Tel: +44 (0) 207 785 7383 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.
[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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