MULTITUDE

Stock market-listed entrepreneurial FinTech and finance company Multitude officially joined forces with the FIA World Rallycross Championship in 2023.

Nordic-born and globally-focused, Multitude has been a trailblazer in mobile banking since 2005, with the aim of becoming the most valued financial ecosystem by acting as a growth platform that creates success stories in the industry. Boasting profound expertise in technology, regulation, funding and cross-selling, the brand offers a range of sustainable banking and financial services for FinTech companies to grow and scale rapidly.

Three independent businesses – SweepBank as a shopping and financing app, Ferratum as a consumer lender and CapitalBox as a business lender – employ over 700 people in 19 countries, and together generated €212 million revenue in 2022.  

Multitude’s future-focussed approach is one of many mutual synergies with World RX. As part of its ESG commitment to make financial services fast, easy and above all green, the company has vowed to reduce its carbon emissions and footprint by 2025 while targeting increased gender balance across leadership positions within the company. 

“Our diversity and inclusion statement is an important step we are taking towards addressing skills development and the advancement of women in the FinTech sector,“ said Multitude Group CEO, Jorma Jokela. “Our group policy framework on non-discrimination is now supported by stated commitments to increase the number of women at management and board level.

“The FIA World Rallycross Championship and Multitude are an amazing match for co-operation. We are both accelerating the speed of our success stories through the latest technology and innovations. These fully electric cars reach 100km/h even faster than Formula 1, while still making ‘their business’ easy, and green, exactly as we are doing for financial services. We are excited to share this common mission with World RX and are happy to work together to make a change in our industries.”