TruFin Shares Rise as Satago Partners With Sage, Lloyds Bank to Offer Finance Solutions
09 Juni 2022 - 09:38AM
Dow Jones News
By Jaime Llinares Taboada
Shares in TruFin PLC rose Thursday after it said that its
finance software subsidiary Satago has signed a letter of intent to
enter into a partnership with software company Sage Group PLC and
lender Lloyds Banking Group PLC.
The London-listed technology group said they aim to embed a
Satago-powered finance solution within Sage's software for small
and medium-sized businesses so that they are able to access instant
financing from Lloyds.
Sage and Satago plan to roll out the solution in the U.K.
initially and then globally working with local banks.
TruFin shares at 0704 GMT were up 11% at 86.0 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 09, 2022 03:23 ET (07:23 GMT)
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