Member Info for JonnyRod

“Additional discussions are ongoing with other institutions exploring our software for retail and SME segments"

“Our strategic lens has expanded to include digitally underserved SMEs and financial institutions across Europe, where our technology can enhance liquidity and customer engagement"

"with the recent fundraise and the plan to launch a white-labelled version of the Plugin Overdraft before the end of 2025, together with several initial and ongoing meetings with potential investors and with banks interested in licensing our product, the outlook has improved considerably"

Fiinu will use the purchase (everfex) to broaden its fintech portfolio beyond Banking-as-a-Service, and "add immediate commercial momentum via Everfex’s established regional operations".

"in active discussions with several other banks to white-label its proprietary AI-powered underwriting engine, which enables its Bank Independent Overdraft model"

Ontop of all this,, they tried for years to launch themselves as a bank, completing the mobilisation phase with the Bank of England. They haven't just binned all that off it's boxed up ready to go; 100% believe they'll get the exit capital relaunch and become a standalone deposit-taking bank.

They can't make it anymore, obvious. There's so much to come. All the big II's bought in the 23-35p range. This is crazy cheap for what's to come here.

People have been saying this for years it's always just out of reach 2023 was break even year. We were supposed to be making several million profit by now.

What boggles my mind is how after being in charge for 5 years, turning over 28 million PA they can't make 1 penny profit. The board has hardly any skin in the game most of what they do have was given to them, DL looked like a rabbit in headlights, no ideas, coasting along with the 4's strategy that clearly isn't working well now sales have slowed.

Hopefully the new CFO may be able to inject some life into things with new ways of thinking and new ideas. Over the years this company has rinsed share holders of 100's of millions it's way past time they deliver.

"possible additional earnout for Everfex owners if its order book surpasses £650 million by year-end, payable in new equity at 20 pence per ordinary share"

Current Fiinu mcap £41 million, the new acquisition is expected to turnover £650 million this year. Even an extremely cautious valuation say 1 years gross is over 15 bags from where we're at now and that's not including the white label deal.

This is going to the moon.

Founder and CEO sold his last business for £200 million posted yesterday about building fiinu into a billion dollar company

My guess is revolut. 5 months back our CEO was singing their praises on LinkedIn.

Can't stay down here for long just the current value of the tech & Everfex is not far off double today's share price. We now have 2 strings to our bow one of which is making decent money. Plugin overdraft should be launching in a couple of months and who knows what else is to come. More acquisitions or hopefully do a deal for the money to re apply for the banking license in exchange for stock.

Very possible, was trading in the 23-34 range for along time & that was without the white label deal and the acquisition. When it goes it goes opened 600% up on the white label RNS.

On readmission, we'll open a lot higher than yesterday's closing price. Although there'll be 800K worth of extra shares in freefloat (these may also end up in sticky hands), having everfex as part of the group will more than compensate. The only way this isn't flying is if Granicus Holdings starts selling, but that would make no sense; they took payment in fiinu stock and would be shooting themselves in the foot.

Well this is an unexpected curve ball but can't see much not to like. Share issue at 10p that's fine a small premium on today's price. They must be very confident of 20p by 1st Jan 2026 or they'll never get 4 million £ worth of shares away. 1000% rise over the next 36 months, I hope my man Marko pulls that one off. Let's see where we are after the suspension, exciting times.

Another 10 days of this and I might be getting somewhere! Hopefully the board have some good news and positivity during the trading update. Danny Lee looked like a rabbit in the headlights during the presentation. Pinning their hopes on 20% year on year growth then when that didn't happen they did nothing had no ideas

Unfortunately like 99% of aim there is no advantage to being a LTH here. I've gone from having a decent profit to seeing my holdings obliterated by the may 2020 75% discounted placing. I liked the new board and over the years have been tempted to average down many times. I didn't, I should of been much more reactive and that's on me. For along time i believed it would come good but a decent 'real' profit always seems to be just out of reach for them. After all these years a 20 million £ turnover and they can't make 5-10% profit on that, it isn't being run well. At the very least cut 500k worth of costs and get the company in the black to conserve the cash.

They are solely to blame for the share price being 50%+ down. They blew $124k and wiped over 10 million £ off the MC due to the uncertainty caused by their 'strategic review' that went well, didn't it

Not gonna blow anyone's socks off, but steady away and heading in the right direction, certainly could have been worse

ignoring the 'ebitda' nonsense profit

£20.1m turnover and loss of £626,000 still unsure how they can't make a bean on those numbers. Buying for £1, selling it for 95p springs to mind, but slow and steady wins the race. This year, they should make a real profit, then onwards and upwards. MC of a bit less than 12 months gross is still crazy, hopefully we see it start to climb now that the results and any uncertainty are out of the way.

'We continued to seek funding opportunities to re-apply for our own banking licence'

'The board has also had some success on fundraising'

pull this one off and it'll open 400% up minimum

Oak North 20-25 deals with various establishments for their underwriting technology,

and they're valued at $5 billion

Recording of the webinar

https://tuum.com/blog/unlocking-financial-inclusion-with-plug-in-overdrafts-tuum-talks-episode-12/

yes it's a challenging market, but this has been handled really badly by management. the 'strategic review' caused 5 months of uncertainty based on a rumour no one had heard, contributing to the declining share price for nothing. time would have been much better spent concentrating on generating some real profits and money in the bank, not 'adjusted' ebitda, also known as accountant speak for bull**** earnings. it still baffles me how they can't make 8-10% profit on $28 million turnover.

however could have been worse; delisting or takeover at a 30-50% premium wouldn't have benefited many. hopefully onwards and upwards now as they say

The reason for the growth is because its still very much undervalued

we should trading in the 20-35p range and will be again in the not-too-distant future

tech alone was valued at 37.5 million since then they've done a ton of work on the software and regulatory stuff. We also have the white label deal, and who knows what else is in the pipeline Exciting times.

Now valued at not far off 12 months gross its crazy, no wonder aim has shrunk to its lowest level since 2001. LTH been in since 2018 my avg is very much higher but over the last few years 100% believed it'd at least get my money back can't see that happening now.

16 trades no interest here everyone knows its a dead duck, discounted placing coming soon, COPL mk 2 going nowhere but down