Core Insights - Multitude AG has reported positive developments across all business units for the first nine months of 2025, with a significant increase in profitability despite economic uncertainties [1][10]. Financial Performance - Revenue for 9M 2025 reached EUR 195.9 million, a slight increase of 1.0% from EUR 193.9 million in 9M 2024 [2][3]. - Interest income decreased by 3.8% to EUR 186.6 million, while net interest income fell by 6.4% to EUR 153.3 million [2][3]. - Net fee and commission income surged to EUR 7.9 million from EUR 0.1 million in the previous year [2]. - Profit for the period increased by 59.3% to EUR 20.3 million, up from EUR 12.8 million in 9M 2024 [2][4]. Asset and Equity Growth - Total assets grew by 20.7% to EUR 1,325.6 million compared to EUR 1,098.7 million at the end of December 2024 [5]. - Net exposure rose by 15.4% to EUR 880.1 million, while deposits increased by 22.8% to EUR 983.1 million [5]. - The Group's equity increased to EUR 201.0 million, maintaining a stable net equity ratio of 22.5% [5]. Business Unit Performance - Consumer Banking revenue was stable at EUR 154.0 million, with EBT rising by 3.1% to EUR 24.2 million [6]. - SME Banking revenue grew by 5.7% to EUR 26.1 million, with impairments decreasing by 28.8% [7]. - Wholesale Banking, which started operations in 2024, saw revenue increase by 82.2% to EUR 15.8 million, with EBT rising significantly from EUR 0.3 million to EUR 1.8 million [8][9]. Strategic Outlook - The company aims to continue serving overlooked customers across Europe while executing its tri-pillar growth strategy: organic growth, partnerships, and M&A [10].

2025 年 6 月 12 日，备受关注的新银行（neobank）Chime 正式 IPO，筹集资金 8.64 亿美元，发行价为 每股 27 美元，高于此前 24 至 26 美元的定价区间。上市初期，公司市值约为 98 亿美元。 虽然远低于 PitchBook 所估算的上轮私募估值 250 亿美元，但 Chime 首日开盘价飙至 42 美元，中午时 段一度冲至 145 亿美元市值。最终收盘于 37 美元，市值回落至约 120 亿美元——虽然仍未重返巅 峰， 但投资人反应相当积极。 这种火热反应主要归功于亮眼的财务数据：Chime 在 2023 年营收达 13 亿美元，2024 年增长至 17 亿美 元；亏损也从 2.03 亿美元收窄至 2500 万美元。2025 年第 一季度，Chime 首 次实现盈利，营收 5.19 亿 美元，净利润达 1300 万美元。不过公司也提醒称，随着扩张投入加大，未来可能不会持续盈利。 King 回忆起他当时看到 Robinho od 创始人只被拒 50 多次就拿到 term sheet，还调侃说："我一周就能被 拒 50 次。"如今讲起来已能笑着面对。 拯救 Chime 的，是 ...