RCS - TruFin PLC - Announcement of partnership between Satago and DFC

TrufinAnnouncement

16/01/2025 07:45

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RNS Number : 5838T  TruFin PLC  16 January 2025

16 January 2025

RNS Reach

 

TruFin plc

("TruFin")

 

 

Announcement of partnership between Satago Financial Solutions Limited
("Satago") and Distribution Finance Capital Holdings plc ("DF Capital")

TruFin is pleased to announce that Satago has entered into a contractual
partnership with DF Capital, a specialist bank providing working capital
solutions to dealers and manufacturers across the UK. The partnership will
provide DF Capital's customers with additional access to invoice discounting
as an alternative and/or supplement to their existing inventory finance
borrowing requirements.

Under the partnership agreement, DF Capital will be given the opportunity to
provide working capital to Satago's own book customers and its existing
platform partners' customers.  Satago will provide DF Capital, and its
customers, access to its proprietary lending technology and proven operational
capability, administering this additional lending on behalf of DF Capital.

This partnership increases the number of third-party lenders that trust Satago
to deliver mission critical results for their clients. Shareholders will be
further updated as to progress with this and other partnerships at TruFin's
Full Year results in March.

For further information, please contact:

 TruFin plc                                                        0203 743 1340

James van den Bergh, Chief Executive Officer
07779 229508

Kam Bansil, Investor Relations
 Panmure Liberum Limited (Nominated Adviser and Corporate Broker)

Chris Clarke

Edward Thomas                                                    0203 100 2000

 

 

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