BankingBusiness

Fellow Finance Plc & Evli: Signed a combination agreement

Fellow Finance Plc & Evli: Signed a combination agreement

  • Fellow Finance Plc offers the most advanced crowdfunding platform for people and businesses
  • The Combination Agreement sets out an arrangement (the “Arrangement”) by which Evli will demerge through a partial demerger
  • In connection with the Arrangement, New Evli, Taaleri Plc and a company owned by Fellow Finance’s CEO Teemu Nyholm will capitalise
  • The Arrangement is intended to be completed during the first half of 2022.
  • Evli announced on 22 January 2021 that its board of directors had decided to commence a strategic review
  • Aim is to be the leading Finnish customer-focused digital bank for individuals and SMEs as well as savers looking to receive interest income from deposits
Previous article
Fetch Package: Raises $60M in Funding
Next article
Caceis: Selected global Fintech leader Broadridge Financial Solutions
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...