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

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...
FinTech

Hacked DeFi Platform Drift Secures Funds to Repay Customers

Drift plans to relaunch with Tether support after addressing security issues.Highlights: Drift DeFi platform has secured funds after...
FinTech

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...
FinTech

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...