Fiinu (AIM:BANK), the AIM-listed fintech behind the Plugin Overdraft platform, reported its first-ever revenues of £660,000 for the year ended 31 December 2025, a result of its acquisition of Polish FX business Everfex, but the deal also triggered a £7.3 million non-cash goodwill impairment after integration difficulties surfaced post-completion.
The group's total loss for the year was £9.7 million, though the company noted that approximately 78% of that figure related to non-cash and acquisition-related exceptional items, putting the underlying loss at around £2 million.
Cash balances rose sharply to £3.94 million at year-end, up from £360,000 at the end of 2024, following equity raises totalling approximately £4.16 million across February, August and September 2025; management estimates this represents around 18 months of operational runway at a monthly burn rate of approximately £220,000.
The strategic focus for 2026 centres on the white-label deployment of the Plugin Overdraft platform with Conister Bank, part of Manx Financial Group, now expected by the end of summer 2026, initially targeting 1.4 million existing customers of Payment Assist Limited.
"Our partnership with Conister Bank represents a major validation of our technology and business model," said CEO Dr Marko Sjoblom.
The company separately announced that Chief Strategy Officer and Director Sami Kalliola resigned with effect from 26 June, though he will continue to support European white-label licensing development.
