WKB advised Everfex P.S.A. on its acquisition by Fiinu Plc
WKB advised Everfex P.S.A. and its founders on its acquisition by London Stock Exchange-listed fintech Fiinu Plc. The transaction value amounts to GBP 8 million and may reach up to GBP 12 million subject to certain performance targets being met.
Everfex, known in Poland for its Stały Kurs platform, specialises in currency exchange at agreed rates and in providing currency risk hedging solutions. Serving SME clients, the company has completed transactions worth over USD 1 billion in a short period of time, with its client base growing by 1,300% in 2024.
Fiinu Plc is an innovative fintech whose flagship product, the Plugin Overdraft, enables customers to access an overdraft facility without changing their bank. The acquisition of Everfex is expected to strengthen Fiinu’s position in the European financial services market and marks an important step in implementing its growth strategy across European markets.
The project was led by Jakub Jędrzejak, with the involvement of Magdalena Purol, and Karolina Idziak, with support on certain specific English law issues by Freeths LLP, and on Estonian law issues by Ellex Legal.