Fiinu, the London-listed FinTech firm behind the Plugin Overdraft® platform, has finalised the £8m acquisition of European foreign exchange brokerage Everfex.
The move marks a significant step towards profitability ahead of the expected Q4 2025 rollout of Fiinu’s flagship Plugin Overdraft® solution.
The Plugin Overdraft® enables customers to access an overdraft facility without switching their bank or eMoney accounts, giving them access to mainstream credit, improving credit scores, and helping avoid late payment charges.
The deal brings Everfex’s established European operations into Fiinu’s portfolio, boosting its commercial momentum. Everfex, which specialises in currency risk management for Polish import and export companies, has built a strong presence among SMEs by offering competitive foreign exchange spreads, enhanced flexibility, and rapid response times for clients.
Over the past year, Everfex has posted consistent growth in both revenue and profitability, driven by an expanding client base and operational efficiencies. In 2024 alone, the brokerage executed over $1bn in spot, swap, and forward contracts, highlighting its growing influence in the region.
As part of the acquisition, Everfex has been rebranded as Fiinu Brokerage. The transaction also includes a potential earnout for Everfex’s former owners, payable in new equity, if the company’s order book exceeds £650m by the end of the year.
Fiinu CEO Dr Marko Sjoblom said, “Fiinu Brokerage is a transformational addition, taking Fiinu from a pre-revenue to a revenue-generating business, setting a clear path toward Fiinu Plc’s profitability, which is powered by two core products. Through this acquisition, we gain immediate access to the Polish market, the fastest-growing economy in Europe, via a product designed to serve over 150,000 importers and exporters.
“In addition, the brokerage opens up future opportunities in areas like trade finance, crypto-to-fiat trading, and potentially funding our growing order book through a digital asset treasury strategy.”
Fiinu Brokerage CEO Karol Oleksa said, “Our rapid expansion across Eastern Europe and strong profitability are a testament to the strength of our brokerage model. As part of the Fiinu Plc group, we can supercharge our growth strategy by addressing margin capital limitations, by pushing forward with product diversification and by expanding our services into new regions in Europe.”
Source: https://fintech.global/
