THE PLATFORM FOR EXPONENTIAL GROWTH FOR FINTECHS
The key to sustainable growth is a strong foundation. Over two decades, we have built and perfected a foundation for building and scaling FinTech. What began as an internal driver of competitive edge to successfully pioneer FinTech success, can now be tapped into and utilised by others to get ahead faster, simpler, and stronger.
Creating Success Stories in FinTech
Multitude Group is an international provider of digital financial services. Our vision is to build the most valued financial ecosystem. How is Multitude reaching its ambitious vision?
The leading feature of this ecosystem is the growth platform, which offers four specific benefits to FinTech businesses. These are: access to funding, regulatory and scoring expertise including the utilisation of Multitude’s full European banking license, technological support, and cross-selling opportunities. The growth platform enables the businesses to grow and scale faster, than if they were on their own.
Based on a unique combination of these four features complemented with a solid track record despite macroeconomic challenges, Multitude Group continues to build an ecosystem for sustainable finance for our business units as well as for external customers. Currently, the growth platform supports three business units: Ferratum as a consumer lender, CapitalBox as a business lender, and SweepBank as a shopping and financing app.
External customers to this growth platform, such as Cream Finance Holding Ltd and ESTO Group. Read the press releases on the Cream Finance and ESTO Group funding, by Multitude Bank.
Each offering of the independent business units within Multitude is built based on the combination of behavioral data and direct feedback from customers, ensuring a customer experience focused offering for each segment. Each business unit can leverage centralised core operations such as finance, customer service, IT, and legal for lean operations and strong synergies through data exchange.
We are currently serving approx. 400,000 active customers in H1 2022 through our combined business units. These customers have or have had an active loan balance with at least one of the independent business units within Multitude within the past 12 months or are active users of the SweepBank app, or a combination of these. Over the past 17 years, Multitude has developed proprietary data and credit scoring algorithms that can deliver instant credit decisions digitally, allowing to make fully risk-assessed scoring at a pace and scale unmatched by traditional banking, neo banks, or the general lending industry. This technology and data, paired with the regulatory experience from global operations over so many years, brings Multitude a significant competitive advantage in large scale disruption of the financial industry. Multitude SE is listed on the Prime Standard of Frankfurt Stock Exchange under the symbol ‘FRU’.
Are you interested to find out more about our growth platform? Contact Lasse Mäkelä for further information.