Information contained within this Announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
17 November 2025
Fiinu Plc
("Fiinu", the "Company" or the "Group")
Plugin Overdraft® Update & New Employee Benefit Trust
Fiinu Plc (AIM: BANK), the fintech group and creator of the Plugin Overdraft®, announces an update on the Plugin Overdraft® partnership with Conister Bank Limited ("Conister Bank"), a subsidiary of Manx Financial Group Plc ("Manx"), and the establishment of a new Employee Benefit Trust ("EBT").
Strong Progress on White Label Programme with Conister Bank in launching Plugin Overdraft®
The Company continues to make strong progress with its white label partnership with its Plugin Overdraft®, in collaboration with Conister Bank. Manx confirmed in its market update last week that the project remains fully on plan and progressing as scheduled.
The joint development phase has now advanced to the final stages where the initial deployment and launch are scheduled to take place before the end of this year. This will mark the first live deployment of the Plugin Overdraft® product in the world, delivered under a white label arrangement with a licensed UK bank. The unique Open Banking enabled initiative will initially benefit from a captive audience of approximately one million end users within Conister's existing ecosystem, providing a strong platform for commercial activation and scalability through 2026. Both Fiinu and Conister remain closely aligned on the phased delivery plan and ongoing collaboration.
Fiinu's technology is technically able to access over 100 million personal bank accounts in the UK, and the Bank Independent Overdraft® platform has been extended to cover all EEA countries, with access to more than 500 million bank accounts across Europe.
Fiinu intends to revisit additional white-label opportunities in Europe in the new year.
EBT and Equity‑Based Award Framework
Fiinu has set up a new EBT as part of its Employee Awards Strategy. The EBT, which will be known as the Fiinu plc Employment Benefit Trust, will serve as an independent trust mechanism for acquiring, holding, and transferring Fiinu shares to settle long‑term incentive, restricted share, deferred bonus, and other equity‑based awards. The Original Trustee is Equiniti Trust (Jersey) Limited.
This initiative is aimed at aligning employee and shareholder interests, supporting the recruitment and retention of key talent, and fostering long‑term value creation. The EBT and associated governance framework will operate in full compliance with UK Listing Rules, Disclosure Guidance and Transparency Rules, Market Abuse Regulation, and HMRC Employment‑Related Securities requirements.
The Directors of the Company are responsible for the release of this announcement.
*ENDS*
For further information, please contact:
| Fiinu Plc Dr. Marko Sjoblom - CEO |
Tel: +44 (0) 1932 629 532 |
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| SPARK Advisory Partners Limited (Nomad) Mark Brady / Angus Campbell |
Tel: +44 (0) 203 368 3550 |
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| Marex Financial (Joint Broker) Angelo Sofocleous / Keith Swann / Matt Bailey |
Tel: +44 (0) 207 655 6000 Email: [email protected] |
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| Oberon Investment Limited (Joint Broker) Nick Lovering / Adam Pollock / Mike Seabrook |
Tel: +44 (0)203 179 5300 |
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| Brazil (Financial PR) Joshua van Raalte / Jamie Lester /Christine Webb |
Tel: +44 (0) 207 785 7383 |
For more information, please visit www.fiinuplc.com