EQS-News

Multitude SE: Alain Nydegger starts to head Multitude Group’s new business unit Wholesale Banking

EQS-News: Multitude SE / Key word(s): Personnel Multitude SE: Alain Nydegger starts to head Multitude Group’s new business unit Wholesale Banking  28.03.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Multitude SE: Alain Nydegger starts to head Multitude Group’s new business unit Wholesale Banking

Helsinki, 28 March 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or “Group”) announces that Alain Nydegger will start as Tribe CEO for Multitude Group’s newly launched independent business unit, Wholesale Banking and joins the Group Leadership Team.

The wholesale banking unit offers two services: Secured Debt and a Payment Solution for non-bank lenders, FinTech’s and other larger volume customers, who are overlooked by traditional main street banks. 

The newly introduced business unit utilises Multitude’s growth platform elements, scalable deposit funding, collection and customer management proficiency, compliance framework, technology stack, cutting-edge data, and AI capabilities to effectively and quickly address customers’ needs and help them solve their challenges.

The Secured Debt solution provides non-bank lenders, real estate investors, and other customer segments with fast and digital access to scalable credit facilities up to EUR 30 million to support their business development projects and ESG transformations.

The Payment Solution provides payment infrastructure services to other FinTechs, electronic money institutions, and midsize banks to support their core payment processes and payment rails, facilitate account services, and receive and send payments with multiple currencies.  

Alain joins Multitude as a seasoned leader and brings a wealth of experience, having spent the past 17 years in the financial industry.  Most recently, Alain served as the Chief Executive Officer at Pala Assets Ltd., where he spearheaded transformative initiatives, resulting in positive returns over multiple years within a global high-yield credit portfolio. His strategic acumen and leadership were instrumental in orchestrating high-volume financial restructurings and fostering collaborations with stakeholders and fellow executives. He holds a Bachelor's Degree in Business Administration from HWZ University of Applied Sciences and an Executive MBA from IMD Business School in Switzerland.