TruFin’s Satago Faces Lloyds Agreement Termination

TruFin (GB:TRU) has released an update.

TruFin’s subsidiary, Satago, has had its commercial agreement with Lloyds Bank prematurely terminated, less than two years into the five-year contract, with the bank opting to discontinue prioritizing the Satago platform. Despite this setback, TruFin remains optimistic about Satago’s future due to its solid partnerships and a robust pipeline of potential Tier-1 Banks and specialist lenders. TruFin reassures investors of its overall financial health, noting that it is on track for EBITDA profitability in 2024 and that its gaming division, Playstack, is performing beyond expectations.

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