Multitude acquires majority stake in Sortter Oy

Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs (WKN: A40VJN, ISIN: CH1398992755) (“Multitude”, “Company” or “Group”), has signed an agreement to acquire a majority stake in Sortter Oy (“Sortter”), a leading Finnish financial services comparison platform. After an initial investment of a 19.97% stake in Sortter in 2023, Multitude has reached an agreement to acquire a majority stake. Following the...

Pinegrove Credit Partners and Temasek Announce Strategic Partnership

Pinegrove Credit Partners, backed by Brookfield and HRTG Partners, and Temasek announced a strategic partnership focused on venture debt. The partnership will focus on supporting venture debt financing for growth-stage companies in the innovation economy. The partnership brings together Temasek and Pinegrove to extend flexible, minimally dilutive financing solutions to growth-stage technology and life sciences companies. Pinegrove Credit Partners is the venture debt and private credit business of Pinegrove. Temasek’s partnership with Pinegrove reflects a...

Bloomsbury Money Secures Money Service Business (e-money) License in Jersey

Bloomsbury Money, the digital banking division of the Group, is proud to announce that it has officially been granted a Money Service Business (MSB) license by the Jersey Financial Services Commission (JFSC). This regulatory milestone marks a significant step in the firm’s mission to provide institutional-grade financial services to a global clientele from one of the world’s premier Tier-1 jurisdictions. The granting of this license (JFSC Entity No: 210054) under the Financial Services (Jersey) Law 1998 authorizes...

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