James van den Bergh CEO OF Trufin discusses their continued growth and significant milestones approaching

James van den Bergh CEO OF Trufin #TRU discusses their continued growth achieved in H1 and significant milestones approaching for Satago and Playstack.

HIGHLIGHTS OF THE INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2021

• Combined gross revenue for the Group increased 18% to £4.9m (H1 2020: £4.2m). H1 2020 benefited from interest income from Distribution Finance Capital Ltd. Excluding this income, H1 2021 gross revenue rose by 28% over H1 2020

• Gross revenue at Playstack increased 79% to £2.2m (H1 2020: £1.2m)

• Gross revenue at Oxygen Finance Group Limited increased by 6% to £1.8m (H1 2020: £1.7m)

• Gross interest income and fee income at Satago Financial Solutions Limited's core invoice financing division was £0.3m (H1 2020: £0.4m) as Satago focused on Lending-as-a-Service solutions with Lloyds Bank plc and other potential strategic partners

• Gross interest income and fee income at Vertus Capital Limited increased 26% to £0.6m (H1 2020: £0.5m)

• TruFin Group's loss before tax improved to £5.2m (H1 2020: £5.5m)

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About Trufin

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.

Our Companies

Oxygen Finance is a leading provider of early payment systems to the public and private sector both in the UK and internationally.

Satago Financial Solutions is a provider of working capital finance and technology solutions to SMEs.

Vertus Capital is a provider of bespoke business loans to enable succession between independently minded financial advice firms in the UK.

PlayStack Limited provides publishing and financing services to the mobile game and console sector.