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Sancus Lending Group Limited ( (GB:LEND) ) has issued an update.
Sancus Lending Group Limited has announced the issuance of £1.0 million in preference shares through its subsidiary, Sancus Loans Limited, to Somerston Fintech Limited. This move is part of a larger £10 million funding commitment and aims to bolster the company’s loan book by increasing capital deployment, enhancing its capacity to support existing funding lines.
More about Sancus Lending Group Limited
Sancus Lending Group Limited operates in the financial services industry, focusing on providing lending solutions. The company offers various loan products and services, catering primarily to small and medium-sized enterprises (SMEs) and property developers.
YTD Price Performance: 11.11%
Average Trading Volume: 164,949
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.86M
Find detailed analytics on LEND stock on TipRanks’ Stock Analysis page.