“During the third quarter of the year, we have worked goal-oriented on divesting portfolio companies, reducing indebtedness, and streamlining the business with a focus on AI. During the third quarter of the year, our efforts resulted in a turnaround...
After a period of strong growth in the start of 2021, boosted by a unique offering for IPO companies as well as an increasing number of switches from existing suppliers, MFN is now the second most used distribution tool among listed companies in Sweden.
Modular Finance launched MFN on 1 February 2019 and has ever since kept on developing the product in close contact with our customers. More than 200 companies now use MFN and since the launch more than 7,000 press releases have successfully been sent through the system from companies in all sectors and sizes. Today, MFN is by far the fastest growing product within its field in the Nordics.
MFN customers appreciate the smooth process for sending out press releases with a minimum amount of clicks and much automatization, which both reduces the risk of errors and saves time. Furthermore, MFN facilitates great looking and correctly formatted press releases in all distribution channels. Every release is also overwatched and quality checked, both automatically and by our dedicated data-team.
"MFN is a very simple, fast and not least safe tool to work with. The design is appealing and functional, both for users and recipients, and the support for questions or suggestions for improvement is truly five-star" says Fredrik Erlandsson, SVP IR, Thule Group.
"Launching a new challenger on the press release distribution market was something we were humble about. Thus we are now extra proud that we in a short period of time have reached the position as the second most used system on the market and with the, by far, fastest growth. We will keep on listening to our customers, innovating the product and always being there for support" says Petter Hedborg, CEO & Founder, Modular Finance.