EQS-News: Multitude SE: Alain Nydegger starts to head Multitude Group's new business unit Wholesale Banking (deutsch)

Multitude SE: Alain Nydegger starts to head Multitude Group's new business unit Wholesale Banking

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EQS-News: Multitude SE / Schlagwort(e): Personalie
Multitude SE: Alain Nydegger starts to head Multitude Group's new business
unit Wholesale Banking

28.03.2024 / 07:30 CET/CEST
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Multitude SE: Alain Nydegger starts to head Multitude Group's new business
unit Wholesale Banking

Helsinki, 28 March 2024 - Multitude SE, a listed European FinTech company,
offering digital lending and online banking services to consumers, small and
medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN:
A1W9NS) ("Multitude", "Company" or "Group") announces that Alain Nydegger
will start as Tribe CEO for Multitude Group's newly launched independent
business unit, Wholesale Banking and joins the Group Leadership Team.

The wholesale banking unit offers two services: Secured Debt and a Payment
Solution for non-bank lenders, FinTech's and other larger volume customers,
who are overlooked by traditional main street banks.

The newly introduced business unit utilises Multitude's growth platform
elements, scalable deposit funding, collection and customer management
proficiency, compliance framework, technology stack, cutting-edge data, and
AI capabilities to effectively and quickly address customers' needs and help
them solve their challenges.

The Secured Debt solution provides non-bank lenders, real estate investors,
and other customer segments with fast and digital access to scalable credit
facilities up to EUR 30 million to support their business development
projects and ESG transformations.

The Payment Solution provides payment infrastructure services to other
FinTechs, electronic money institutions, and midsize banks to support their
core payment processes and payment rails, facilitate account services, and
receive and send payments with multiple currencies.

Alain joins Multitude as a seasoned leader and brings a wealth of
experience, having spent the past 17 years in the financial industry. Most
recently, Alain served as the Chief Executive Officer at Pala Assets Ltd.,
where he spearheaded transformative initiatives, resulting in positive
returns over multiple years within a global high-yield credit portfolio. His
strategic acumen and leadership were instrumental in orchestrating
high-volume financial restructurings and fostering collaborations with
stakeholders and fellow executives. He holds a Bachelor's Degree in Business
Administration from HWZ University of Applied Sciences and an Executive MBA
from IMD Business School in Switzerland.

"We extend a warm welcome to Alain as he joins our team. With a wealth of
diverse experience and his expertise in credit analysis, we have full
confidence in his ability to launch and build our new unit successfully. The
combination of Alain's credentials alongside the Group's extensive financial
services and technology management expertise accumulated over the past two
decades strongly positions our wholesale banking unit. This positioning
enables us to tailor solutions effectively, providing customers with swift
execution, transparent terms, and favourable conditions, all while ensuring
the necessary collateral. This appointment not only reinforces our
dedication to innovation but also underscores our strategic growth
initiatives," said Jorma Jokela, Founder and CEO of Multitude Group.

Contact:

Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-Mail: Lasse.makela@multitude.com

About Multitude SE:

Multitude is a listed European FinTech company, offering digital lending and
online banking services to consumers, small and medium-sized businesses, and
other FinTechs overlooked by traditional banks. The services are provided
through three independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude's business units are
consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking
(Multitude Bank). Multitude Group employs over 700 people in 25 countries
and offers services in 16 countries, achieving a combined turnover of 230
million euros in 2023. Multitude was founded in Finland in 2005 and is
listed on the Prime Standard segment of the Frankfurt Stock Exchange under
the symbol 'FRU'.

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28.03.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,
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Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Sprache: Deutsch
Unternehmen: Multitude SE
Ratamestarinkatu 11 A
00520 Helsinki
Finnland
E-Mail: ir@multitude.com
Internet: https://www.multitude.com/
ISIN: FI4000106299
WKN: A1W9NS
Börsen: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1865813

Ende der Mitteilung EQS News-Service
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1865813 28.03.2024 CET/CEST

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Quelle: dpa-AFX