EQS-News: Multitude SE / Schlagwort(e): Fusionen & Übernahmen Multitude SE acquires 19.97% of an equity in a leading Finnish financial services comparison platform, Sortter Oy 04.04.2023 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Multitude SE acquires 19.97% of an equity in a leading Finnish financial services comparison platform, Sortter Oy Helsinki, 4 April 2023 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or the “Group”) has acquired 19.97% ownership in a leading Finnish financial comparison platform, Sortter Oy. After the transaction Multitude has become a non-controlling minority shareholder of the company. Multitude growth platform includes all centralised functions of the Group, and it currently supports three independent business units: SweepBank, Ferratum and CapitalBox. The Group is actively looking for opportunities to expand its business organically or non-organically. This transaction is a natural development of Multitude’s strategy, which was published in year 2021. “The financial comparison market has recently started to consolidate in the Nordic region. This means that a handful of stronger players will remain to dominate the market. Sortter is one of those dominant players, being second largest financial comparison platform in Finland. To maintain a healthy ecosystem and to accelerate Sortter’s future growth, we have decided to invest into the company. We have operations in 19 countries mostly in Europe and we can support Sortter’s expansion to new countries through our growth platform. After three year’s period, we may have a possibility to increase our ownership further in Sortter” says Multitude Group’s CFO, Bernd Egger. Sortter is a Finnish FinTech company established in 2018, which compares financial services for its customers in the similar way hotels or flights are compared online. Sortter is handling credit applications worth of more than 300 million euros every month and has become one of the biggest financial product comparison services in Finland. Sortter’s revenues amounted to over EUR 5,5 million in 2022 and it grew 160% from the previous year. ”We are happy to welcome a strong investor to support Sortter’s further growth. This minority investment strengthens our ability to grow but does not change our operative business model or goals. We now have further muscle to grow our product portfolio and enter new markets” says Sortter Oy’s CEO, Markus Huhdanpää. Contacts: About Multitude SE: About Sortter Oy: 04.04.2023 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch EQS News – ein Service der EQS Group AG. Die EQS Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen. |
Sprache: | Deutsch |
Unternehmen: | Multitude SE |
Ratamestarinkatu 11 A | |
00520 Helsinki | |
Finnland | |
Telefon: | +49 (0) 30 9210058-44 |
Fax: | +49 (0)30 9210058-49 |
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: | 1598929 |
Ende der Mitteilung | EQS News-Service |
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