26/08/2025
We’re delighted to have helped Fiinu plc with its £12m acquisition of forex brokerage Everfex P.S.A. and subscription for 8,010,000 New Ordinary Shares. Fiinu, the London-listed FinTech behind the Plugin Overdraft® platform, announced the transaction which is designed to accelerate its path to revenue as it prepares for the launch of its flagship overdraft product later this year.
The deal is expected to transform Fiinu’s position in the market. Everfex executed more than $1bn worth of spot, swap and forward contracts in 2024, while its unaudited results showed profit before tax of more than £600,000 for the first four months of 2025.
The addition of Everfex broadens Fiinu’s business beyond its Banking-as-a-Service model. The move brings an immediate source of revenue and a strong regional footprint, providing commercial momentum ahead of the planned UK rollout of its Plugin Overdraft®.
Fiinu CEO Dr Marko Sjoblom said, “The proposed acquisition of Everfex represents a significant step forward in Fiinu’s strategic journey, broadening our presence in the foreign exchange market and strengthening our capabilities in serving SME customers across Europe.”
Everfex CEO Karol Oleksa added, “Joining Fiinu will mark an exciting new chapter for Everfex. I’m personally thrilled to be part of a company with bold growth ambitions. Like Marko, I come from a background as a former elite athlete, and I’m driven by clear objectives and persistent in achieving them.”
Our thanks to our wonderful clients at the company, nominated advisor SPARK and legal advisor Fladgate alongside joint brokers Oberon and SP Angel.
If you'd like to find out how we can help ensure the success of your most critical M&A transactions, chat with us today: hello@blackandcallow.com
