on Multitude SE (isin : MT0002810100)
Multitude Bank Invests in Sustainable Agriculture with HeavyFinance
On December 11, 2024, Multitude Bank p.l.c., subsidiary of the Nordic-born FinTech company Multitude Group, announced a partnership with climate tech firm HeavyFinance. This partnership will see an investment of EUR 14 million in loans focused on aiding small to medium-sized agricultural businesses in adopting sustainable practices. The European Investment Fund has backed this initiative with a portfolio guarantee of up to EUR 10.5 million, aimed at supporting over 500 European agricultural businesses.
The collaboration aims to enhance sustainability in farming by facilitating access to necessary capital. "This is a testament to our dedication to addressing climate change," stated Alain Nydegger, CEO of Wholesale Banking at Multitude.
Multitude Bank’s Wholesale Banking division reported significant growth in 2024, reaffirming their robust performance and commitment to innovative financial solutions.
R. H.
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