Multitude SE
FinTech company From Wikipedia, the free encyclopedia
Multitude SE (formerly Ferratum) is a European lender headquartered in Helsinki, Finland.
| |
| Company type | Public company |
|---|---|
| Industry | Financial services |
| Founded | May 1, 2005 |
| Founder | Jorma Jokela |
| Headquarters | , |
Key people | Jorma Jokela, CEO |
| Products | Mobile Banking, SME Loans, Consumer Loans |
| Brands | Multitude, SweepBank, CapitalBox and Ferratum |
| Website | multitude |
Company History
Multitude was founded in 2005 by Jorma Jokela, who has been its CEO since the company's foundation.[1][2] Multitude was listed on the Frankfurt Stock Exchange on February 6, 2015.[3]
Commerce Commission court case
In June 2020, Multitude settled a claim over alleged breaches of the lender responsibility principles in New Zealand, distributing a total of $88,173 in borrowing costs across 46 customers.[4] In 2021, the Australian Securities and Investments Commission said that Ferratum Australia had charged illegal fees and overcharged some customers who paid their loan early.[5][6] On April 4, 2023, Ferratum Australia's shareholders voted to enter liquidation.[7]
References
External links
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