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TruFin PLC - London-based financial technology - Says subsidiary Satago Financial Solutions Ltd signs letter of intent to enter a partnership with Newcastle-based accounting software firm Sage Group PLC and lender Lloyds Banking Group PLC. TruFin says firms aim to embed a Satago-powered finance solution within Sage's software for small and medium-sized businesses to enable access to instant financing from Lloyds.
It will be "the first full-cash, management-embedded finance solution for Sage customers working with two of the most trusted brands in the UK," says Satago Chief Executive Officer Sinead McHale.
Current Trufin stock price: 85.50 pence, up 10% on Thursday
12-month change: up 0.9%
By Tom Budszus; tombudszus@alliancenews.com
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