Frankfurt-listed fintech Multitude AG said on Wednesday that its Wholesale Banking unit had provided a EUR 16 million financing facility to UAB Nordecum, a Lithuanian digital consumer lender and part of Baltic non-bank financial group Placet Group OÜ.
The facility refinances existing arrangements and adds capacity for Nordecum to keep growing its loan book in Lithuania. The deal follows two committed secured credit facilities totalling EUR 12.5 million that Multitude’s Wholesale Banking unit announced with Placet Group in 2025, making this a repeat mandate rather than a new relationship.
“This transaction also deepens our cooperation with Placet Group and demonstrates Multitude’s ability to deliver reliable institutional funding solutions for leading non-bank lenders,” said Antti Kumpulainen, Multitude’s CEO.
Wholesale Banking is Multitude’s newest business unit, built to provide institutional financing of EUR 5 million and above to profitable, technology-enabled non-bank lenders, according to the group’s 9M 2025 report. The Nordecum facility extends that model further into the Baltics, where Placet Group serves consumer and business customers across Estonia and Lithuania.
