Zopa Banking Licence

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

 

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