Group 1 - Multitude AG is a listed European FinTech company that provides digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs overlooked by traditional banks [2][3] - The company operates through three independent business units: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank) [2] - Multitude Group employs over 700 people across 25 countries and offers services in 17 countries, achieving a combined turnover of 274 million euros in 2024 [2][3] Group 2 - The FY2025 Preliminary Results Presentation webcast is scheduled for 12 March 2026 at 10:00 am CET, inviting financial analysts, investors, and media [1] - Registration for the webcast can be found on the company's website under the financial calendar section [2]

Core Viewpoint - Multitude AG has received a stable outlook from Fitch Ratings, affirming its Long-Term Issuer Default Rating (IDR) at 'B+' and upgrading its standalone credit profile (SCP) to 'bb-' from 'b+' [1] Group Summary - Multitude AG is a European FinTech company providing digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs [2] - The company operates through three independent business units: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank) [2] - Multitude employs over 700 people across 25 countries and offers services in 17 countries, achieving a combined turnover of 274 million euros in 2024 [2] - The company was founded in Finland in 2005, is registered in Switzerland, and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'MULT' [2] Rating Summary - Fitch Ratings has upgraded Multitude Bank PLC, a subsidiary of Multitude AG, to 'BB-' [1] - Multitude AG's senior unsecured notes have been affirmed at 'B+' with a Recovery Rating of 'RR4' [1] - The subordinated hybrid perpetual capital notes of Multitude AG have been rated 'B-' with a Recovery Rating of 'RR6' [1]

Core Insights - The global fintech industry is transitioning from rapid expansion to sustainable growth, characterized by increased collaboration and broader market reach [21][22][30] - Customer growth rate from 2022-2023 is 37%, down from 55% in 2020-2021, indicating market normalization post-pandemic [24][62] - Revenue growth remains strong at 40% and profit growth at 39%, reflecting the industry's shift from user acquisition to value enhancement [24][72][79] Market Performance - The fintech industry shows robust performance metrics, with average customer growth at 37% from 2022-2023, a decline from previous years [24][62] - Revenue growth rates are highest in Latin America and the Caribbean (46%), followed by Asia-Pacific (44%) and the Middle East and North Africa (43%) [71] - Digital banking and savings lead revenue growth at 67%, while digital capital raising and insurtech report the lowest growth rates at 18% and 31% respectively [72][79] Financial Inclusion - Financial inclusion is central to fintech's value proposition, with micro, small, and medium enterprises (MSMEs) making up 57% of customer bases [26] - Low-income populations account for 47% of customers, and women represent 41%, particularly in emerging markets [26][30] Partnerships and Regulatory Environment - 84% of fintechs partner with traditional financial institutions, primarily through API integrations (52%) and technology collaborations (41%) [27] - 62% of fintechs find the regulatory environment adequate for their operations, with 35% citing clarity in regulatory approaches [28] AI Adoption - 80% of fintechs are implementing AI across various business functions, with significant improvements in customer experience (83%) and cost reduction (75%) reported [29] - Despite the benefits, 87% of fintechs express concerns over high deployment and maintenance costs associated with AI [29][30] Future Directions - The industry is focusing on three main areas for development: AI integration, regional interoperability, and open banking [30] - Emerging markets prioritize the need for integrated anti-money laundering platforms and localized digital identity systems, reflecting urgent demands for foundational financial infrastructure [30]

Core Insights - Multitude Capital Oyj published its Half-Year 2025 Report, highlighting significant financial improvements compared to the previous year [1] Financial Performance - The net interest income for the first half of 2025 was EUR 614 thousand, a substantial increase from a loss of EUR 64 thousand in the same period of 2024 [2][4] - The profit before income tax for H1 2025 was EUR 495 thousand, compared to a loss of EUR 141 thousand in H1 2024 [2] - Net cash flow from operating activities was EUR 1,683 thousand, up from EUR 518 thousand in the previous year [2] Funding Strategy - Multitude Capital Oyj has issued EUR 100 million in senior unsecured bonds under its EUR 150 million bond programme since its inception in June 2024 [3] - The bonds have a floating rate coupon of 3-month EURIBOR plus 6.75% and are listed on the Frankfurt Stock Exchange and Nasdaq Stockholm [3] Financial Position - As of 30 June 2025, total assets amounted to EUR 76.9 million, an increase from EUR 74.7 million at the end of 2024 [5] - Total liabilities were EUR 76.4 million as of 30 June 2025, up from EUR 74.6 million at the end of 2024, primarily due to debt securities issued [5] Company Overview - Multitude Capital Oyj serves as a funding vehicle for Multitude Group, which offers digital lending and online banking services through various business units [6][7] - Multitude Group operates in 25 countries, employing over 700 people and achieving a combined turnover of EUR 264 million in 2024 [7]