Multitude AG Provides EUR 8 Million Debt Capital to Hoovi

Multitude AG, a European FinTech company, has partnered with Hoovi, an Estonian fintech specialist, to provide EUR 8 million in debt capital. This initiative is part of a strategic partnership aimed at accelerating Hoovi's expansion through a structured bond issue. Multitude AG is committed to supporting fintech firms and SMEs, intending to enhance its presence as a key European financial platform.

Hoovi focuses on embedded credit and hire purchase solutions, enabling merchants to integrate financing directly into transactions. This collaboration underscores Multitude's intent to offer capital to underserved sectors and complements previous growth efforts, such as acquiring Omniveta and stakes in Lea Bank.

Through this partnership, Multitude aims to strengthen its Wholesale Banking unit, established in 2024. This segment has become pivotal in Multitude's growth, offering services to a diverse customer base across Europe.