The capital increase against contribution in kind by resolution of the extraordinary general shareholders meeting of Fast Finance24 Holding AG (ISIN DE000A1PG508) on 16 November 2018 has now been entered in the commercial register. Accordingly, the share capital of the company was increased by 35,497,677.00 euros from 11,406,969.00 euros to 46,904,646.00 euros.
CEO Andreas Garke stated on this occasion: With successful conclusion of the capital increase, we are pleased that we have now reached another important milestone in the company’s transformation towards an advantageously positioned fintech company. After securing the financing, we additionally plan to operate in the UK with the FF24 Loan-Business in the current fiscal year and to serve Scandinavian markets in 2020. The FF24 rent model will start in Germany in the third quarter of 2019 and expand into other European countries in 2020.”