9th Dec 2020 18:06
TruFin PLC - financial technology investor - Says Distribution Finance Capital Holdings PLC has repaid an outstanding loan and associated interest and costs, totalling GBP9.5 million.
Distribution Finance, in its own statement, says it has raised over GBP140 million in deposits since launching its first retail savings products in October.
"These deposits have allowed the early repayment of the outstanding loan to TruFin, including as also announced on 5 November 2020, the repayment of all of the group's wholesale finance facilities, and the group's loan book is now entirely supported by retail deposits," says Distribution Finance.
TruFin current stock price: 42.50 pence
Year-to-date change: up 2.4%
Distribution Finance current stock price: 52.75 pence
Year-to-date change: down 41%
By Lucy Heming;Â [email protected]
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