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IN BRIEF: Fiinu shares fall as subscription raises £1.3 million

ALN

Fiinu PLC - Weybridge, England-based financial technology firm - Raises gross proceeds of £1.3 million through issuing 12.5 million shares at 10 pence per share. Notes that the subscription shares were issued following market demand. Says the funds will be used to develop its Plugin Overdraft product as a white-label offering as well as to provide additional working capital.

Current stock price: 11.00 pence, down 12% on Friday afternoon in London

12-month change: up from 0.68p on February 14, 2024

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