U.K. alternative lender TruFin has raised about $97 million in an IPO, the firm announced today.

The company will start trading on the London Stock Exchange’s AIM market, after raising its funds through placing and subscription to investors, chief executive Henry Kenner said in a statement.

Said Kenner:

The highly experienced management team at TruFin and our group companies are passionate about the opportunities to grow our niche lending businesses. Many borrowers are neglected by banks and still face expensive funding and capital. We intend to deliver value by taking advantage of current market disruptions and new financial technologies, while keeping a focus on the distribution of niche lending products.

A holding company for three fintechs operating in various lending and financial fields, including supply chain finance, invoice finance, and “dynamic discounting,” TruFin was initially created in 2014.

Its holdings operate under the names Distribution Finance Capital, Satago, and Oxygen Finance, and it also holds a minor stake in P2P lender Zopa.

Read more at PYMNTs and Finextra.

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