Fintech company Fiinu plc has issued an official statement in response to the rise in its share price today.
The company’s share price rose more than 40% on January 9, 2024.
Fiinu’s full statement can be found below:
“Fiinu, a fintech group, creator of Plugin Overdraft®, notes today’s share price movement and confirms that it is not aware of any substantial commercial or operational reason for the significant increase. The Company continues to work with potential investors and will make announcements accordingly.
As previously announced, the Board maintains its current strategy and focus remains on raising the necessary capital to support Fiinu 2 Limited’s re-application for a UK banking license with which to launch the Overdraft® Plugin. Given the measures taken to maintain existing funding, prior to re-application in order to ensure the required level of technological and regulatory readiness for the business to restart the process, a Board recruitment process should be undertaken . It is not possible at this time to quantify the time period in which this will occur.”