Core Viewpoint - Multitude AG, a European FinTech company, has received a 'B-' long-term rating from Fitch Ratings for its subsidiary Multitude Capital Oyj's subordinated hybrid perpetual notes, indicating a focus on enhancing liquidity through bond issuance [1]. Company Overview - Multitude AG is a listed European FinTech company that provides digital lending and online banking services to consumers, SMEs, and institutional clients, operating independently from traditional banks [2]. - The company operates through three business units: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank), supported by the Multitude Growth Platform [2]. - Multitude Group employs over 700 people and offers services across 17 European countries [2]. - In 2025, the Group reported a revenue of 257 million euros [2]. - Founded in Finland in 2005, Multitude is registered in Switzerland and listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'MULT' [2]. Funding Mechanism - Multitude Capital Oyj serves as the funding vehicle for Multitude Group, issuing bonds to support the liquidity of the Group's operations [3].