Fiinu (LSE:BANK) reported an unaudited loss after tax of £2.15 million for the six months ended 30 June 2026, with cash of £2.70 million at the end of the period.
The group continued implementation of its white-labelled Plugin Overdraft® with Conister Bank and moved the platform into a production environment. Fiinu is targeting a launch around the end of 2026 and has continued developing the technology for use across UK and European Economic Area open banking systems.
After the reporting period, Fiinu agreed an updated implementation timetable and long-term commercial framework with Conister Bank. The initial deployment is intended to serve approximately 1.5 million customers of Payment Assist Limited before a potential broader rollout.
The company also reduced group overheads and continued restructuring subsidiary Everfex towards what it described as a leaner, self-funded operating model. Legacy creditor matters remain outstanding at Everfex.
Fiinu said it sees a potential European market encompassing approximately 5,000 banking institutions and an estimated 120 million consumers experiencing short-term liquidity constraints. These figures represent the company’s assessment of the addressable opportunity for its Plugin Overdraft® platform.
The directors also identified material uncertainty regarding the group’s ability to continue as a going concern. The uncertainty relates to the unpredictability of future revenue, the timing of commercial deployments and Fiinu’s future cash requirements.
More about Fiinu Plc
Fiinu Plc is an AIM-quoted financial technology group focused on developing and licensing its Plugin Overdraft® platform.
The white-label credit platform is designed to integrate with banks’ existing infrastructure and open banking systems in the UK and Europe, allowing partner banks to provide overdraft and other credit products without requiring customers to move their primary banking relationships.
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