What does Multitude do?

Multitude is a listed European FinTech company offering digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs overlooked by traditional banks.

Through which business units are Multitude’s services provided?

The services are provided through three independent business units, which are served by our internal Banking-as-a-Service Growth Platform. Multitude’s business units are:

  • Consumer Banking (FERRATUM): answers consumers’ small, short-term, unplanned financial needs.

  • SME Banking (CAPITALBOX): provides SMEs across Europe with fast and easy working capital, helping them grow their businesses and improve their communities.

  • Wholesale Banking (MULTITUDE BANK): provides credit facilities and payment processing architecture for non-bank lenders and other FinTechs. For more information on Wholesale banking and Multitude Bank, please click here.

When was Multitude founded?

Multitude was founded in Finland in 2005.

Is Multitude a listed company?

Yes. Multitude has been listed since February 6th 2015 on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'E4l'. We also have bonds listed on the Nasdaq Stockholm.

Why is the EBIT no longer Multitude’s leading key performance indicator?

The management announced that, as of 2023, EBIT will no longer be our primary performance indicator. Instead, net income will.  We decided to do so because Multitude is a fintech company operating in the lending industry. Based on the industry we operate in, the rise in interest rates and our business model, we needed to implement this change in our reporting format to assess our performance better and provide our investors with the most relevant information.

How many employees does Multitude have?

Multitude Group employs over 700 people in 25 countries.

In how many countries does Multitude offer services?

Multitude offers services in 16 countries, achieving a combined turnover of 230 million euros in 2023.

Why did Multitude relocate temporarily to Malta before Switzerland?

As Finnish law does not allow the relocation to be carried out directly from Finland to a country outside of the European Economic Area, such as Switzerland, while maintaining the company’s legal personality, Multitude had to relocate to Malta temporarily, before moving finally to Switzerland.

How does Multitude Bank integrate ESG principles into its business model?

At Multitude Bank, we recognize the importance of ESG principles in shaping a sustainable future. We incorporate these values into our business model by, for example, implementing responsible lending practices and promoting financial inclusion. If you want more information about our ESG goals, please click here. You can also find
our ESG reports here.

Is SweepBank still part of Multitude?

SweepBank is no longer a business unit. However, its technology and products have been integrated into Ferratum and CapitalBox to better meet our customers' needs and simplify our processes. This integration enables a broadening of Ferratum and CapitalBox's offerings. These two business units will provide our customers with comprehensive digital banking services, including credit cards, debit cards, and bank accounts.