TruFin PLC Zopa Banking Licence (3038J)
December 04 2018 - 2:01AM
UK Regulatory
TIDMTRU
RNS Number : 3038J
TruFin PLC
04 December 2018
4 December 2018
TruFin plc
("TruFin" or the "Company" or together with its subsidiaries
"TruFin Group")
ZOPA BANKING LICENCE
TruFin is pleased to confirm that Zopa Financial Services
Limited (a subsidiary of Zopa Group Limited, "Zopa") has been
granted its banking licence with restrictions. This is a critical
milestone for Zopa on its journey towards a full banking
licence.
Jaidev Janardana, Zopa CEO, commented: "Zopa is uniquely
positioned to succeed among challenger banks because of its 13 year
track record of lending and risk management combined with cutting
edge technology and excellent customer experience. Launching a
bank, alongside its P2P offering, will enable Zopa to offer a wider
range of products to its customers and build a more profitable and
resilient business."
For further information, please contact:
TruFin plc
Henry Kenner, Chief Executive Officer
James van den Bergh, Deputy Chief Executive Officer 0203 743 1340
Macquarie Capital (Europe) Limited (NOMAD and joint
broker)
Alex Reynolds
Nicholas Harland 0203 037 2000
Liberum Capital Limited (Joint broker)
Chris Clarke
Trystan Cullen
Louis Davies 0203 100 2000
Blue Pool Communications (PR)
Nicholas Lord 07501 271 083
The information contained within this Announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No.596/2014. By the publication of
this Announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain. The
person responsible for arranging for the release of this
Announcement on behalf of the Company is Jason Rogers.
About TruFin plc:
TruFin plc is the holding company for an operating group of
companies that are niche lenders and early payment providers.
TruFin Group combines the benefits of both the traditional
relationship banking model and developments in the fintech sector.
The Company was admitted to AIM in February 2018 and trades under
the ticker symbol: TRU. More information is available on the
Company website www.TruFin.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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