# Multitude Bank

> Multitude Bank is a VC fund in Sliema backing FinTech and Financial Services. See 5 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Sliema, Malta
- Total investments: 5
- Last investment: Jan 2026
- Lead investor: 80%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/multitude-bank
- Website: https://www.multitudebank.com

Multitude Bank is a VC fund in Sliema focused on FinTech and Financial Services. Multitude Bank offers banking and digital financial services.

## Contacts

5 contacts available for Multitude Bank. Shizune tracks 1 team members at Multitude Bank. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/multitude-bank?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Debt Financing | $5.8M–$20M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 3 | 60% |
| Financial Services | 3 | 60% |
| Banking | 2 | 40% |
| Finance | 2 | 40% |
| AgTech | 1 | 20% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 2 | 40% |
| Post-IPO Debt | 1 | 20% |
| Post-IPO Equity | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Latvia | 1 | 20% |
| Norway | 1 | 20% |
| Estonia | 1 | 20% |
| Lithuania | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jorma Jokela | Founder and CEO | 0 | https://shizune.co/investors/profile/jorma-jokela |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| DelfinGroup | DelfinGroup provides consumer financial services in Latvia, including loans, pawnbroking, and money transfers. Our future vision is built on current investments in IT solutions, brand growth, and ambitious management. The company's growth is driven by its business strategy, | $20.2M | Post-IPO Debt | Jan 20, 2026 | https://www.delfingroup.lv/company |
| ESTO | ESTO is an international company that provides various financial services. Founded in 2016, the Estonian company now offers innovative payment solutions in the Baltics and features a network of over 1000 partners and more than 120 000 consumers.The company helps merchants to sell and clients to buy - in an easy and convenient way. Merchants canintegrate the ESTO technological Checkout solution to their offline or online shop and give their customers an opportunity to buy now and pay later. ESTO innovative financial products like ESTO Slice, ESTO Hire-Purchase and ESTO Pay Later allow shoppers to get the purchased product now and pay for it later in several installments, and unders certain conditions - with no fees or interest. With another popular ESTO product - ESTO account - shoppers can quickly transfer money to their personal bank account, shop at their favourite brands, and pay back later in set installments. ESTO allows shoppers to control their spending, as they can set their own repayment schedules. Merchants that use ESTO quickly grow their client base and average cart volume - as shoppers can allow themselves to spend more since they don’t have to pay all the price at once. ESTO helps merchants increase traffic, turnover, and reorder rates. Moreover, under the certain terms and sales volumes, ESTO offers to the merchant financially beneficial partnership conditions. Together with marketing campaigns that can be set up to promote merchants' shops to more than 120 000 ESTO clients, it makes collaboration with ESTO especially attractive. | $5.8M | Debt Financing | Nov 20, 2025 | https://esto.ee/ |
| InSoil | HeavyFinance is a borderless crowdlending platform where farmers meet retail and institutional investors. We underwrite farmers, facilitate transactions, and service loans. | $14.7M | Debt Financing | Dec 11, 2024 | https://www.heavyfinance.com |
| Lea bank | ​Lea Bank is a digital retail bank that offers unsecured consumer loans, refinancing options, and high-yield savings accounts. The bank provides services such as personal loans, deposit accounts, and SME financing. The bank offers services with deposits up to NOK 2 million are protected under the Norwegian Banks' Guarantee Fund. ​ |  | Post-IPO Equity | Oct 10, 2024 | https://leabank.no/ |
| ESTO | ESTO is an international company that provides various financial services. Founded in 2016, the Estonian company now offers innovative payment solutions in the Baltics and features a network of over 1000 partners and more than 120 000 consumers.The company helps merchants to sell and clients to buy - in an easy and convenient way. Merchants canintegrate the ESTO technological Checkout solution to their offline or online shop and give their customers an opportunity to buy now and pay later. ESTO innovative financial products like ESTO Slice, ESTO Hire-Purchase and ESTO Pay Later allow shoppers to get the purchased product now and pay for it later in several installments, and unders certain conditions - with no fees or interest. With another popular ESTO product - ESTO account - shoppers can quickly transfer money to their personal bank account, shop at their favourite brands, and pay back later in set installments. ESTO allows shoppers to control their spending, as they can set their own repayment schedules. Merchants that use ESTO quickly grow their client base and average cart volume - as shoppers can allow themselves to spend more since they don’t have to pay all the price at once. ESTO helps merchants increase traffic, turnover, and reorder rates. Moreover, under the certain terms and sales volumes, ESTO offers to the merchant financially beneficial partnership conditions. Together with marketing campaigns that can be set up to promote merchants' shops to more than 120 000 ESTO clients, it makes collaboration with ESTO especially attractive. | $20M | Debt Financing | May 28, 2024 | https://esto.ee/ |

5 of 5 investments shown.

## Co-investors
- [European Investment Fund](https://shizune.co/investors/profile/european-investment-fund) — VC Fund, 1 deal together

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## FAQ

### What does Multitude Bank invest in?

Multitude Bank invests primarily in FinTech, Financial Services and Banking startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 5 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Multitude Bank's check size?

Multitude Bank typically joins rounds of $5.8M–$20M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Multitude Bank participates in.

### How do I contact Multitude Bank?

Public channels for Multitude Bank include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Multitude Bank?

The team at Multitude Bank includes Jorma Jokela (Founder and CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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