Multitude SE: Alain Nydegger joins Multitude Group as Head of Wholesale Banking New Business Unit
Helsinki, March 28, 2024 – Multitude SE is a European listed FinTech company providing digital lending and online banking services to consumers, SMEs and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or “Group”) announces that Alain Nydegger will become Tribe CEO, Wholesale Banking, a newly launched independent business unit of Multitude Group, and join the Group Leadership Team Did.
The Wholesale Banking segment provides two services: secured debt and payment solutions, for non-bank lenders, fintechs and other large customers that have been overlooked by traditional Main Street banks.
The newly introduced business unit leverages Multitude's growth platform elements, scalable deposit funding, collections and customer management proficiency, compliance framework, technology stack, and cutting-edge data and AI capabilities to help customers We respond effectively and quickly to needs and help customers solve their problems.
Secured Debt solution provides non-bank lenders, real estate investors and other customer segments with fast, digital access to extendable credit facilities of up to €30 million to support business development projects and ESG transformation To do.
Payment Solutions provides payment infrastructure services to other fintechs, e-money institutions, and mid-sized banks to support core payment processes and payment rails, facilitate account servicing, and support payments in multiple currencies. Realizes sending and receiving.
Alan joins Multitude as an experienced leader, bringing a wealth of experience having spent the past 17 years in the financial industry. Most recently, Alan was Chief Executive Officer of Pala Assets Ltd, where he spearheaded an innovative initiative to create a global high-yield credit portfolio that delivered multiple years of positive returns. His strategic acumen and leadership helped orchestrate a major financial restructuring and foster collaboration with stakeholders and fellow executives. He holds a Bachelor's degree in Business Administration from the HWZ University of Applied Sciences and an Executive MBA from his IMD Business School in Switzerland.
“We warmly welcome Alan to our team. With his rich and diverse experience and expertise in credit analysis, we are confident in his ability to launch and build new units. We have full confidence in Alan's qualifications, and the combination of his qualifications and the Group's extensive financial services and technology management expertise, accumulated over the past 20 years, makes us a strong position in the wholesale banking sector. This position allows us to effectively tailor our solutions and offer our customers fast execution, transparent terms and favorable terms, while securing the necessary collateral. This appointment not only strengthens our commitment to innovation, but also underlines our strategic growth initiatives,” said Jorma Jokera, Founder and CEO of Multitude Group. he said.
contact:
Lasse Makela
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
Email: Lasse.makela@multitude.com
About Multitude SE:
Multitude is a publicly traded European FinTech company that provides digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs overlooked by traditional banks. This service is delivered through three independent business units powered by an in-house Banking-as-a-Service growth platform. Multitude's business segments are Consumer Banking (Ferratum), Small Business Banking (CapitalBox), and Wholesale Banking (Multitude Bank). Multitude Group has more than 700 employees in 25 countries, provides services in 16 countries and achieved total sales of €230 million in 2023. Multitude was founded in Finland in 2005 and is listed on the Prime Standard sector of the Frankfurt Stock Exchange under the symbol: “FRU”.
