Multitude seeks Nasdaq Stockholm listing for €70M capital notes
What's the deal? MultitudeDealroom has a profile for this one. Try Dealroom → AG, a listed European fintech, has applied to list €70 million in subordinated perpetual capital notes on Nasdaq Stockholm through its wholly-owned subsidiary, Multitude Capital Oyj. The notes are expected to begin trading on or about July 10, 2026.
Why now? The issuer placed the notes on March 11, 2026, under a framework of up to €120 million. The Finnish Financial Supervisory Authority approved the prospectus on July 7 and notified its Swedish counterpart, clearing the path to trading.
The terms: The notes were priced at 96% of nominal value and qualify as IFRS equity. They carry a floating coupon of three-month EURIBOR plus 8.90% until the step-up date of March 23, 2031, rising to 13.40% thereafter. Multitude AG guarantees the notes, and the issuer may defer interest payments or redeem the notes from the step-up date.
What's the endgame? Multitude offers digital lending and online banking to consumers, SMEs, and institutional clients it says are overlooked by traditional banks. It operates through three units — Consumer Banking (FerratumDealroom has a profile for this one. Try Dealroom →), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank) — across 17 European countries with more than 700 employees.
By the numbers: The group reported revenue of €257 million in 2025. Founded in Finland in 2005 and registered in Switzerland, Multitude is listed on the Frankfurt Stock Exchange's Prime Standard segment under the symbol 'MULT'.
The signal: Raising equity-qualifying perpetual debt lets Multitude strengthen its capital base without diluting shareholders — a route fintechs increasingly use to fund lending growth while satisfying regulators.
Read more: Yahoo Finance
Image credit: Artem Beliaikin
