The investment is secured by a first-of-its-kind portfolio guarantee of up to EUR 10.5 million. This guarantee is provided by the European Investment Fund (EIF). Multitude Bank partners with InSoil to distribute the funds among more than 500 European agricultural businesses. This enables them to adopt and expand their sustainable practices.
“We are proud to announce a landmark partnership with InSoil. It underscores our commitment to delivering innovative, solution-oriented financial services. This initiative is a testament to our dedication to addressing climate change. It also supports impactful sustainability efforts,” said Alain Nydegger, CEO of Wholesale Banking at Multitude. “We want to illustrate here very clearly that Multitude Bank partners with InSoil. This partnership shows how sustainability can be defined through profitable business practices.”
“Farmers are at the forefront of the fight against climate change, yet their ability to adopt sustainable practices often depends on access to capital. By providing the financial tools they need, we can accelerate the transition to regenerative agriculture. This partnership empowers farmers to nurture one of the planet’s largest natural carbon sinks—our soil. It helps preserve its health for generations. This partnership between InSoil and Multitude Bank will help hundreds of small and medium-sized farms advance their sustainability journey,” said Laimonas Noreika, CEO of InSoil.
Multitude Bank plans to begin investing in loans originated by InSoil from December 2024. The full deployment of the EUR 14 million is expected by the end of 2025. This timeline demonstrates how Multitude Bank partners with InSoil for strategic growth in sustainable agriculture.
“We are honoured to partner with InSoil, a purpose-driven climate tech company. InSoil is dedicated to transforming agriculture and achieving their ambitious goal of removing one gigaton of CO2 emissions by 2050. This collaboration not only furthers InSoil’s growth in customer base and geographic reach but also amplifies awareness of ESG priorities,” said Antti Kumpulainen, CEO of Multitude Bank.
Multitude’s Wholesale Banking division continues to deliver robust performance. It showcases significant growth in 2024. Established as an independent unit in January 2024, it quickly positioned itself as a high-growth enabler in the institutional finance space. The Wholesale Banking portfolio grew significantly year-on-year. It rose by 179% from €40.5 million at the end of 2023 to €112.9 million as of Q3 2024. Currently active in seven European countries, the division serves a diverse client base. This base includes Fintechs, SMEs, and payment institutions. It has also expanded its payment solutions, enabling real-time payments in SEK and EUR for institutional clients.
