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Multitude is a digital bank that offers lending and online banking services to consumers, small and medium-sized businesses, and other fintechs overlooked by traditional banks. The company was founded in 2005 in Finland and currently operates in 17 countries. The company operates with three business units: Consumer Banking (Ferratum), SME Banking (CapitalBox) and Wholesale Banking (Multitude Bank).
Regnskabsmeddelelsen for 2. kvartal overgik forventningerne, da et skift mod kunder med lavere risiko drev nedskrivningstab betydeligt under vores estimater.
Prognosen om et nettoresultat på 30 MEUR levner ikke meget plads til fejl efter et svagt 1. kvartal, hvilket kræver en drastisk genopretning i 2. halvår.
Antti Kumpulainen, CEO, talks about the digital bank Multitude as an investment. Multitude offers lending and online banking services to consumers, small and medium-sized businesses, and other fintechs overlooked by traditional banks.
