Multitude SE acquires 19.97% of an equity in a leading Finnish financial services comparison platform, Sortter Oy^EQS-News: Multitude SE / Schlagwort(e): Fusionen & ÜbernahmenMultitude SE acquires 19.97% of an equity in a leading Finnish financialservices comparison platform, Sortter Oy04.04.2023 / 07:30 CET/CESTFür den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.---------------------------------------------------------------------------Multitude SE acquires 19.97% of an equity in a leading Finnish financialservices comparison platform, Sortter OyHelsinki, 4 April 2023 - Multitude SE (ISIN: FI4000106299, WKN: A1W9NS)("Multitude" or the "Group") has acquired 19.97% ownership in a leadingFinnish financial comparison platform, Sortter Oy. After the transactionMultitude has become a non-controlling minority shareholder of the company.Multitude growth platform includes all centralised functions of the Group,and it currently supports three independent business units: SweepBank,Ferratum and CapitalBox. The Group is actively looking for opportunities toexpand its business organically or non-organically. This transaction is anatural development of Multitude's strategy, which was published in year2021."The financial comparison market has recently started to consolidate in theNordic region. This means that a handful of stronger players will remain todominate the market. Sortter is one of those dominant players, being secondlargest financial comparison platform in Finland. To maintain a healthyecosystem and to accelerate Sortter's future growth, we have decided toinvest into the company. We have operations in 19 countries mostly in Europeand we can support Sortter's expansion to new countries through our growthplatform. After three year's period, we may have a possibility to increaseour ownership further in Sortter" says Multitude Group's CFO, Bernd Egger.Sortter is a Finnish FinTech company established in 2018, which comparesfinancial services for its customers in the similar way hotels or flightsare compared online. Sortter is handling credit applications worth of morethan 300 million euros every month and has become one of the biggestfinancial product comparison services in Finland. Sortter's revenuesamounted to over EUR 5,5 million in 2022 and it grew 160% from the previousyear."We are happy to welcome a strong investor to support Sortter's furthergrowth. This minority investment strengthens our ability to grow but doesnot change our operative business model or goals. We now have further muscleto grow our product portfolio and enter new markets" says Sortter Oy's CEO,Markus Huhdanpää."We are building the most valued financial ecosystem around Multitude'sgrowth platform, and we see Sortter as a great attributor to this ecosystem.As our Group's mission is to democratise financial services throughdigitalisation, making them fast, easy and green, we are very happy to seethat Sortter is also perfectly aligned with this mission. Multitude's growthplatform brings synergies to Sortter with customer acquisition andcentralised funding side," says Multitude Group's Chief Strategy and IROfficer, Lasse Mäkelä.Contacts:Lasse MäkeläChief Strategy and IR OfficerLasse.makela@multitude.comAbout Multitude SE:Multitude aims to become the most valued financial ecosystem by acting as agrowth platform that creates success stories in FinTech. With profoundknow-how in technology, regulation, funding and cross-selling, Multitudeoffers a range of sustainable banking and financial services for FinTechs togrow and scale rapidly. Multitude and its three independent business units,SweepBank, Ferratum and CapitalBox, employ around 700 people in 19countries, and they together generated EUR 212 million revenue in 2022.Multitude was founded in 2005 in Finland and is listed in the Prime Standardsegment of the Frankfurt Stock Exchange under the symbol 'FRU'.www.multitude.com .About Sortter Oy:Sortter is a Finnish FinTech company established in 2018. We comparefinancial services in the same way hotels or flights are compared online.Sortter is for smart individuals, who want to compare financial products tofind a service provider for their needs. At the beginning, comparison offinancial products may seem an easy job but once you dig deeper - it's likerocket science. With our help, picking the best financial products is liketaking a morning walk in the park.We help you translate all the fees and banking terms into something even agrandma can understand. We are always 100% on your side: we offer faircomparisons, free of charge and tailored to your needs. www.sortter.fi andwww.sortter.com---------------------------------------------------------------------------04.04.2023 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,übermittelt durch EQS News - ein Service der EQS Group AG.Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.Die EQS Distributionsservices umfassen gesetzliche Meldepflichten, CorporateNews/Finanznachrichten und Pressemitteilungen.Medienarchiv unter https://eqs-news.com--------------------------------------------------------------------------- Sprache: Deutsch Unternehmen: Multitude SE Ratamestarinkatu 11 A 00520 Helsinki Finnland Telefon: +49 (0) 30 9210058-44 Fax: +49 (0)30 9210058-49 E-Mail: ir@multitude.com Internet: https://www.multitude.com/ ISIN: FI4000106299 WKN: A1W9NS Börsen: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart, Tradegate Exchange; Stockholm EQS News ID: 1598929Ende der Mitteilung EQS News-Service---------------------------------------------------------------------------1598929 04.04.2023 CET/CEST°