Wholesale Banking unit expands lending portfolio with EUR 12.5million secured loan to leading Baltic Fintech Placet Group

Core Insights - Multitude AG has expanded its Wholesale Banking loan portfolio with two secured credit facilities totaling €12.5 million to Placet Group OÜ, a prominent Estonian FinTech [1][2] - The partnership aims to support Placet Group's growth in Estonia and enhance its financial solutions for both private and corporate clients [4][5] Company Overview - Multitude AG is a listed European FinTech company providing digital lending and online banking services to consumers, SMEs, and other FinTechs, with a turnover of €264 million in 2024 [6] - The company operates through three independent business units: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank) [6] Placet Group Profile - Placet Group, founded in 2005, is a leading non-bank lender in Estonia, serving over 200,000 customers with a range of products including short-term loans, credit lines, and mortgage loans [3][7] - The company utilizes a technology-driven approach and an AI-powered credit scoring system to facilitate fast and responsible lending [8] Business Growth - Multitude's Wholesale Banking division has experienced significant growth, with its loan portfolio increasing by 185% from €73 million at the start of 2024 to €202 million as of Q3 2025 [5] - The division has expanded its presence to eight countries, focusing on structured financing and embedded payment solutions [5]