UK -based challenger bank TruFin has raised £ $98m ( 70m ) after listing on the London Stock Exchange's AIM market. TruFin owns a 15% share of UK , Europe 's largest peer-to-peer lending platform, as well as the entirety of short-term lender Henry Kenner , working capital finance unit Satago and supply chain firm Distribution Finance Capital . The company will start trading on AIM next week having conditionally raised £70 million through a placing and subscription to institutional and professional investors. Henry Kenner said that listing on AIM would enable the company to supply more capital to its subsidiaries, which are set to grow significantly.
UK -based challenger bank TruFin has raised £ $98m ( 70m ) after listing on the London Stock Exchange's AIM market. TruFin owns a 15% share of UK , Europe 's largest peer-to-peer lending platform, as well as the entirety of short-term lender Henry Kenner , working capital finance unit Satago and supply chain firm Distribution Finance Capital . Henry Kenner said that listing on AIM would enable the company to supply more capital to its subsidiaries, which are set to grow significantly.