UK-based challenger bank TruFin has raised £70m ($98m) after listing on the London Stock Exchange's AIM market. The company said it had received a "significant" amount of interest from institutional investors and was in talks with potential lenders. TruFin, a British fintech and banking business with fingers in various niche lending pies, has raised £70 million through a listing on the LSE's AIM market. 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 £70m ($98m) after listing on the London Stock Exchange's AIM market. The company said it had received a "significant" amount of interest from institutional investors and was in talks with potential lenders. Henry Kenner said that listing on AIM would enable the company to supply more capital to its subsidiaries, which are set to grow significantly.