Fiinu 5/23/2025 Earnings Report

Fiinu EPS Results

• Actual EPS: -GBX 2.60
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Fiinu Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Fiinu Announcement Details

• Date: 5/23/2025
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Fiinu (LON:BANK) is a fintech group, including Fiinu Bank, authorised by the Bank of England. The bank will launch the Plugin Overdraft® in the UK, an unbundled overdraft solution without anyone needing to switch banks. Fiinu will become the first Open Banking led interest income/deposit margin banking infrastructure provider. The bank-agnostic fintech platform will be serving all other UK bank customers, of which circa 55-60% do not have access to arranged overdrafts. The group intends to licence its technology platform, especially in the markets where it does not want to set up banking operations. Fiinu’s business model is tailored to increase financial inclusion, and it is positioned to fill the gap by providing a new choice in the overdraft market. According to Experian, the presence of an arranged overdraft in a credit file can improve the credit rating if consumers use it sensibly. Fiinu Bank will be able to adopt a sophisticated approach to assess affordability and to set credit limits, thereby potentially enabling it to extend its overdraft credit to a substantially wider population than traditional banks. Fiinu’s dynamic Open Banking-led underwriting model is based on the principle that overdraft limits will be provided to those who can demonstrate an ability to make repayments within a reasonable time without adversely impacting their overall financial well-being or needing to borrow more elsewhere to repay Fiinu. Furthermore, the unintended consequence of the 2020 regulatory reform of the UK overdraft market resulted in the removal of a specific credit product – the unarranged overdraft, which has left over £10 billion funding gap in the market. The removal of this product did not remove the demand for credit, but rather it forced consumers to seek alternatives which, in most cases, are non-bank credit products. There is a range of such alternatives in the market, some regulated and some unregulated. According to the FCA (Jun 2019), merchants who offer Point of Sale (“POS”) credit as part of their credit offers include catalogue credit, store cards and retailers who offer finance at the point of sale (this can be in-store or online). The most recent new POS credit choice is Buy-Now-Pay-Later (“BNPL”). FCA primary research (Jul 2017) suggests that the credit scores of people who used these types of non-bank products worsened significantly. According to the Journal of Financial Economics (Nov 2021), empirical data research indicates that some other non-bank alternatives cause an immediate 4.7% drop in consumers’ credit scores, increasing to 10% over time. Fiinu will provide a new choice in the market that could potentially improve financial inclusion for millions of people.