Fiinu Secures £1.41M with QVP Backing

London-listed fintech Fiinu has successfully raised £1.41 million in a targeted funding round. This new capital is designed to accelerate the company’s growth and significantly strengthen its market presence. Specifically, the company issued 9.4 million new shares priced at 15p each. Luxembourg-based investment firm QVP emerged as a key investor in this round, which also included support from various institutional and individual backers.

Core Products: Plugin Overdraft® and BaaS

Fiinu is best known for its flagship product, the Plugin Overdraft® platform. This innovative technology provides customers with seamless access to overdraft facilities without requiring them to switch their primary bank accounts. Furthermore, the company offers comprehensive banking-as-a-service (BaaS) solutions to partners across Europe. Consequently, Fiinu has expanded its role to become a flexible financial provider serving both consumers and businesses.

Utilizing Capital and Investor Confidence

The newly acquired capital will primarily serve as working capital to support Fiinu’s next critical stage of expansion. David Luksenburg, a director at lead investor QVP, expressed strong confidence in the company’s trajectory. He stated that Fiinu is exceptionally well-positioned to capture significant opportunities within the European fintech sector and emphasized QVP’s commitment as a long-term strategic partner.

Established Trust and Ambitious Future Goals

Fiinu CEO Marko Sjoblom highlighted the strong trust the company has built with its clients and investors. He noted that long-standing business partners, including Mikobud and Tomasz Sztuder, also participated in this funding round. This vote of confidence is bolstered by the company’s existing influence; for example, Fiinu Brokerage already supports over 4,000 import and export businesses in Poland.

Looking ahead, CEO Sjoblom has outlined a bold and ambitious vision for the company. His primary goal is to drive Fiinu’s valuation to £440 million and elevate its share price to 110p within the next three years. He firmly believes this growth will be powered by the company’s two core products—the Plugin Overdraft® and its BaaS offerings. Together, these innovations position Fiinu as a definitive leader in the next generation of financial services.