Fiinu (LON:BANK – Get Free Report) issued its earnings results on Monday. The company reported GBX (2.98) earnings per share for the quarter, Digital Look Earnings reports. Fiinu had a negative return on equity of 553.59% and a negative net margin of 37,666.05%.The business had revenue of GBX 66 million for the quarter.
Fiinu Stock Down 12.7%
Shares of LON BANK opened at GBX 5.50 on Monday. The firm’s 50-day moving average price is GBX 7.02 and its two-hundred day moving average price is GBX 7.63. Fiinu has a 52-week low of GBX 4.50 and a 52-week high of GBX 21. The stock has a market capitalization of £21.78 million, a P/E ratio of -11.00 and a beta of 8.18.
Fiinu Company Profile
At the heart of Fiinu’s strategy is the Plugin Overdraft®, a white-label solution that integrates seamlessly into existing banking applications, allowing customers to access arranged overdrafts without switching banks. This product addresses the needs of the 80% of UK account holders who currently lack access to overdrafts. Using real-time Open Banking data and AI-driven underwriting, Fiinu can assess affordability responsibly and provide fair overdraft limits—helping fill the £10 billion gap left by the removal of unarranged overdrafts in 2020.
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