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TruFin plc Completes Fundraising
On 22 June 2023, the Company announced a proposed Placing to raise £7.0 million and Open Offer to raise up to a further approximately £1.0 million (both amounts before expenses) through the issue of, in aggregate, up to 12,313,212 New Ordinary Shares at an issue price of 65 pence per New Ordinary Share.
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Result of Placing and Notice of General Meeting
23 June 2023
TruFin is pleased to announce that, following the announcement after market close on 22 June 2023 (the "Launch Announcement"), it has received strong demand from existing shareholders and other institutional investors, and it has successfully placed 10,769,230 new ordinary shares (the “Placing Shares”) at a price of 65 pence per share, raising gross proceeds of £7 million under t
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Playstack releases the first city-building simulation game on Apple Arcade - Cityscapes: Sim Builder
05 May 2023
TruFin is pleased to announce that its subsidiary Playstack Limited (“Playstack”), a leading UK games publisher headquartered in London, has released Cityscapes: Sim Builder. This new game was developed by Magic Fuel Games Inc (“Magic Fuel Games”), a US-based developer acquired by Playstack in 2022.
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Oxygen Finance rounds off quarter with six Early Payment client wins – adding £2.7bn of Procurement Spend
26 April 2023
TruFin is pleased to announce that its subsidiary Oxygen Finance ("Oxygen"), the leading early payments programme provider headquartered in Birmingham, has secured Early Payment contracts with a further six local authorities during Q1 2023, adding to its growing list of Early Payment clients which now totals 54 public sector clients.
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Final Results for the year ended 31 December 2022
15 March 2023
TruFin is pleased to announce its audited results for the 12 months ended 31 December 2022.
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Satago deepens partnership with Sage
23 January 2023
TruFin is pleased to announce that, further to the Company’s statement on 20 October 2022, Satago Financial Solutions Limited ("Satago") is extending its agreement with Sage Group plc ("Sage"), the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs).
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Statement regarding Satago
20 January 2023
TruFin is pleased to announce that Satago Financial Solutions Limited ("Satago") has delivered the trial phase of its fully digitised end-to-end invoice finance solution with Lloyds Bank plc (the "Bank"). The Bank is now testing the digitised proposition ahead of customer onboarding. We look forward to updating shareholders on the progress of this partnership in due course.
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Trading update
20 January 2023
Revenues for the 12 months ended 31 December 2022 are expected to be no less than £16.0m (FY21: £13.1m), representing year-on-year growth in excess of 22%. This has predominantly been driven by revenue growth of more than 350% at Satago Financial Solutions Limited ("Satago") and over 25% growth at Oxygen Finance Group Limited (together with its subsidiaries Oxygen Finance Limited and O
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Rejected Indicative Offer for Oxygen
22 December 2022
TruFin announces that it recently received a non-binding, indicative offer for Oxygen Finance Limited (“Oxygen”) which values Oxygen at £26 million (the “Offer”). After considering the terms of the Offer, the Board of TruFin has rejected the Offer on the basis that it undervalues the business and prospects of Oxygen.
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Oxygen Finance surpasses £1 billion in free early payment provision to small business
15 November 2022
TruFin is pleased to announce that its subsidiary Oxygen Finance (“Oxygen”), the leading early payments programme provider headquartered in Birmingham, has processed more than £1 billon in free early payments to small and micro businesses via its ground-breaking FreePay scheme. More than £415 million of the £1 billion was processed in the first 10 months of 2022.
