Fiinu has announced the proposed acquisition of foreign
exchange brokerage Everfex P.S.A. in a transaction valued at up to £12 million. Under the terms of the agreement, Fiinu will issue 80
million new ordinary shares to Granicus Holdings O.Ü, the sole owner of
Everfex, at a price of 10 pence per share, equating to an initial consideration
of £8 million.
An additional £4 million may be payable if Everfex meets certain
performance targets after 1 January 2026. This further consideration would be
settled via 20 million new Fiinu shares at 20 pence each. Fiinu also plans to raise approximately £800,000 through a
conditional subscription of new shares.
Strengthening Services for SMEs
Commenting on the move, Dr Marko Sjoblom, Fiinu’s Chief Executive Officer, said: “The proposed acquisition of Everfex represents a
significant step forward in Fiinu’s strategic journey, broadening our presence
in the foreign exchange market and strengthening our capabilities in serving
SME customers across Europe.”
“My objective, which is linked to my proposed new long-term
incentive arrangements, is to increase the Company’s valuation and share price
by 1,000% within the next 36 months. The acquisition of Everfex is the first
step toward achieving it.”
Everfex is an FX brokerage business that reportedly completed over $1
billion in spot, swap, and forward contracts in 2024. For the four months
ending 30 April 2025, the company recorded an unaudited profit before tax of over
£600,000, according to the London Stock Exchange report.
Earlier Restructuring Deals
Everfex was formed following the acquisition of Stały Kurs
sp. z.o.o. on 1 January 2025. Stały Kurs was established in 2019 in Poland and
provided currency hedging services to SMEs exposed to Polish Zloty exchange
rate movements. Everfex continues to trade under the Stały Kurs brand in
Poland.
In 2023, Stały Kurs underwent a management change and
business restructuring, including the appointment of CEO Karol Oleksa and the
introduction of stronger risk controls and governance. The business recorded
growth in revenue and profitability, driven by an expanding SME client base.
In July 2025, Everfex was transferred to Granicus Holdings
in preparation for the current proposed transaction. The company also plans to
broaden its service offering by pursuing regulated foreign exchange payment
services, subject to licensing.
This article was written by Jared Kirui at www.financemagnates.com.
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