logo-loader

Equals launches "first of many" loan products

Published: 08:42 02 Oct 2019 BST

Equals Group Plc -

Equals Group Plc’s (LON:EQLS) first small business loan product has gone live in a partnership with specialist SME lender Iwoca.

After getting regulatory permission to offer credit products via a broker relationship, Equals said it can now offer a range of credit and loan products whilst not taking credit risk or utilising the its balance sheet.

This line of products is expected to be a “significant revenue opportunity” for the group, said chief executive Ian Strafford-Taylor, with the Iwoca loan “the first of many credit-related products”.

“With all the various products and services we can offer to businesses, the ability to offer credit was the missing piece of the jigsaw,” he added.

Equals last month raised £14.3mln through a placing and an open offer to accelerate plans for corporate products, as well as possible bolt-on acquisitions.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

40 minutes ago