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Company type | Public company |
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Industry | Financial services |
Founded | May 1, 2005 |
Founder | Jorma Jokela |
Headquarters | , |
Key people | Jorma Jokela, CEO |
Products | Mobile Banking, SME Loans, Consumer Loans |
Brands | Multitude, SweepBank, CapitalBox and Ferratum |
Website |
multitude |
Multitude SE (formerly Ferratum) is a European lender headquartered in Helsinki, Finland.
Multitude was founded in 2005 by Jorma Jokela, who has been its CEO since the company's foundation. [1] [2] Multitude was listed on the Frankfurt Stock Exchange on February 6, 2015. [3]
In June 2020, Multitude settled a claim over alleged breaches of the lender responsibility principles in New Zealand, distributing a total of $88,173 in borrowing costs across 46 customers. [4] In 2021, the Australian Securities and Investments Commission said that Ferratum Australia had charged illegal fees and overcharged some customers who paid their loan early. [5] [6] On April 4, 2023, Ferratum Australia's shareholders voted to enter liquidation. [7]
![]() | |
Company type | Public company |
---|---|
Industry | Financial services |
Founded | May 1, 2005 |
Founder | Jorma Jokela |
Headquarters | , |
Key people | Jorma Jokela, CEO |
Products | Mobile Banking, SME Loans, Consumer Loans |
Brands | Multitude, SweepBank, CapitalBox and Ferratum |
Website |
multitude |
Multitude SE (formerly Ferratum) is a European lender headquartered in Helsinki, Finland.
Multitude was founded in 2005 by Jorma Jokela, who has been its CEO since the company's foundation. [1] [2] Multitude was listed on the Frankfurt Stock Exchange on February 6, 2015. [3]
In June 2020, Multitude settled a claim over alleged breaches of the lender responsibility principles in New Zealand, distributing a total of $88,173 in borrowing costs across 46 customers. [4] In 2021, the Australian Securities and Investments Commission said that Ferratum Australia had charged illegal fees and overcharged some customers who paid their loan early. [5] [6] On April 4, 2023, Ferratum Australia's shareholders voted to enter liquidation. [7]