Ferratum Oyj (FRU)

Overview

Multitude SE, initially known as Ferratum Oyj before its name change in June 2021, stands prominently in the financial services sector, specializing in digital lending and online banking. With a foundation laid in 2005 and a base established in Helsinki, Finland, this company extends its services not only to individual consumers but also to small and medium-sized enterprises within and beyond the Finnish borders. Its formulation into a comprehensive financial provider is aimed at addressing the diverse financial needs across different demographics, ensuring accessibility, flexibility, and reliability in its offerings.

Products and Services

Through its broad range of financial products, Multitude SE caters to various financial needs, enhancing consumers' and businesses' financial health and accessibility to funds.

• Micro Loans: These are short-term loans designed for immediate financial needs, providing quick access to funds for consumers and small businesses in need of prompt financial assistance.
• Plus Loans: Tailored for borrowers needing slightly larger amounts than micro loans, Plus loans offer a middle ground with manageable repayment plans, suitable for covering unexpected expenses without the need for collateral.
• Prime Loans: As premium lending options, Prime loans facilitate larger borrowing requirements with longer repayment periods, ideal for significant personal or business investments.
• Installment Loans: These loans allow borrowers to repay the borrowed amount in fixed payments over a set period, making large expenses more manageable by spreading the cost over time.
• Secured Loans: Offering higher loan amounts with lower interest rates, secured loans require borrowers to pledge an asset as collateral, providing a layer of security for both the lender and the borrower.
• Revolving Credit Facilities: This flexible credit option grants businesses the ability to withdraw, repay, and reuse funds up to a certain limit, supporting ongoing operational needs efficiently.
• Working Capital, Credit Line, and Purchase Financing: Tailored specifically for businesses, these financing solutions support day-to-day operations, facilitate the smoothing of cash flow, and finance the purchasing of essential goods and services, respectively.
• Saving and Current Accounts: Multitude SE offers these banking essentials, enabling individuals and businesses to manage their finances through saving accounts for accruing interest over time or current accounts for daily transactions.
• Fixed-term Deposits: For customers looking to earn a higher interest rate on their savings, fixed-term deposits present an attractive option, locking funds for a predetermined period at a fixed interest rate.
• Debit and Credit Cards: Providing convenient access to funds and the ability to manage expenses, these card services are integral to modern financial management, catering to both personal and business use.