Fiinu Completes £8m Reverse Takeover of Everfex to Launch Plugin Overdraft in Q4 2025

Fiinu Plc has completed an £8m reverse takeover of Everfex, a European FX brokerage, transforming Fiinu into a revenue-generating enterprise. The acquisition gives Fiinu access to Poland's fastest-growing economy and serves over 150,000 importers and exporters. Fiinu is now focused on launching its Plugin Overdraft platform in Q4 2025. The deal also includes an earnout for Everfex's former owners.

Fiinu Plc (AIM: BANK), a London-listed fintech company, has successfully completed the £8 million reverse takeover of Everfex, a European foreign exchange brokerage. This strategic move positions Fiinu as a revenue-generating enterprise and sets the stage for the Q4 2025 launch of its flagship Plugin Overdraft® product [1].

The acquisition of Everfex, now rebranded as Fiinu Brokerage, marks a significant milestone for Fiinu. The brokerage specializes in currency risk management services for Polish SMEs, a sector often underserved by traditional providers. In 2024, Everfex executed over $1 billion in spot, swap, and forward contracts, demonstrating consistent revenue and profit growth [2].

The deal gives Fiinu immediate access to Poland, one of Europe's fastest-growing economies, and serves over 150,000 importers and exporters. Fiinu's CEO, Dr. Marko Sjoblom, commented, "Through this acquisition, we gain immediate access to the Polish market, the fastest-growing economy in Europe, via a product designed to serve over 150,000 importers and exporters" [2].

The acquisition also includes an earnout for Everfex's former owners, conditional on the brokerage's order book surpassing £650 million by year-end. Payments would be made in new equity at 20 pence per share [1].

Fiinu Brokerage's CEO, Karol Oleksa, expressed optimism about the deal's impact on the firm's growth prospects. He stated, "Our rapid expansion across Eastern Europe and strong profitability are a testament to the strength of our brokerage model. As part of the Fiinu Plc group, we can supercharge our growth strategy by addressing margin capital limitations, by pushing forward with product diversification and by expanding our services into new regions in Europe" [2].

The acquisition comes ahead of Fiinu's planned Q4 2025 launch of its Plugin Overdraft®, a Banking-as-a-Service (BaaS) solution that allows customers to access overdraft facilities without changing their bank or eMoney accounts. The product aims to help customers improve credit scores and avoid late payment fees, positioning it as one of the most anticipated innovations in UK fintech.

Fiinu's reverse takeover of Everfex accelerates its transition into revenue generation, secures a foothold in Poland's SME FX market, and sets the stage for the Q4 2025 launch of its Plugin Overdraft® product.

References:
[1] https://ffnews.com/newsarticle/tradetech/fiinu-completes-acquisition-of-everfex-ahead-of-plugin-overdraft-launch-everfex-rebranded-as-fiinu-brokerage-as-part-of-deal/
[2] https://financefeeds.com/fiinu-completes-8m-reverse-takeover-of-everfex-paving-way-for-plugin-overdraft-launch/