Huge potential! BaaS16 Jan 2025 22:17
Whenever I look at investing in a business, the first thing I check is the number of outstanding shares, the number of shares held by the board / investors, the market cap, the industry, the BOD Credentials and future opportunities based on previous and current news flow. For me, this ticks every single box and is the dream stock I look for for serious multiples on my ROI
1) There's only 28% Free float here out of 274.75 million shares available - Meaning there's only 76 Million shares in the float. 72.28% is held by the BOD
2) AT 8p the market cap is only £8M
3) Industry - Fintech, with disruptive AI driven tech with own intellectual property that can access and serve over 100 Million bank accounts in the UK alone
4) THE CEO founded and built the company with previous experience bringing this product to market, built from scratch and valued at $171 million after five years, profitable in year 2. The Chairman David Hopton has a career in the banking industry spanning over 40 years. At Abbey National / Santander, David was the Deputy Head of Santander Global Banking and Markets UK, and a member of Santander UK senior management team. David was a member of ALCO, Risk and Executive Committees. David was responsible for a Short-Term Markets trading profit centre and for the management of short-term liquidity.
5) White Label BaaS Announcement with UK BANK after 12 months of discussions!
CEO's latest post on LinkedIn
Exciting times at Fiinu! We're committed to maximizing the potential of our Plugin Overdraft® platform and proprietary intellectual property. Our belief in Open Banking and AI-driven technology is transforming financial services. Our innovative Plugin Overdraft AI underwriting agent, which utilises artificial neural networks and Markov chains, is a testament to our dedication to advancing the banking experience. We're actively engaging with banks beyond the UK and progressing discussions to secure regulatory capital for Fiinu Bank. This strategic collaboration is a significant milestone for us, and we are eager to deliver groundbreaking solutions to customers across the UK!
The downside is, they will need to raise, but who knows what this looks like, at what price and cost to existing investors? With the BOD holding so many of the shares in issue, they will not want to dilute their holding too much, so maybe enough to see them through to launch in Q4 this year, in the mean time they need capital to obtain their banking licence, however after 12 months discussions to get to this stage to white label their flagship Baas Product, perhaps the bank in question will be happy to finance Fiinu or take a stake in the company?
Either way - this is a very exciting share to be in and the rises we've seen have been built on substance, without much noise from the usual pumpers on social media and telegram groups!
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