Sancus Lending Group Limited (GB:LEND) has released an update.
Sancus Lending Group Limited reported a significant increase in their loans under management, with a 23% growth year-on-year, and a 24% rise in turnover despite anticipating an operating loss for the year ended 31 December 2023. The Group has also bolstered its financial position by securing £5 million through a subscription of preference shares by Somerston Fintech, aimed at enhancing liquidity and working capital for future strategic actions. The annual audited results are scheduled for release in June 2024.
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