Multitude SE (formerly Ferratum) is a European lender headquartered in

Helsinki Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...

, Finland.

Company History

Multitude was founded in 2005 by Jorma Jokela, who has been its CEO since the company's foundation. Multitude was listed on the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

on February 6, 2015.

Commerce Commission court case

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. In 2021, the

Australian Securities and Investments Commission The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to pro ...

said that Ferratum Australia had charged illegal fees and overcharged some customers who paid their loan early. On April 4, 2023, Ferratum Australia's shareholders voted to enter liquidation.

References

External links

Multitude
Financial services companies of Finland Companies based in Helsinki Financial services companies established in 2005 2005 establishments in Finland Finnish brands {{Finland-company-stub