Trufin (TRU): Satago turnaround
This situation live
TRU Trufin
15 Jan 2026 · Costs cut; loss narrowing; pipeline maturing · +2% until the next step
The business has also maintained and grown a strong pipeline of lenders for its embedded finance solution, with further contracts anticipated to materialise in H1 2026.
18 Mar 2026 · Costs reset; revenue up 140% in two months · −23% until the next step
Due to strong growth in technology and servicing recurring subscription fees, Satago's revenue to 28 February 2026 grew 140% when compared to the same period in 2025
17 Sep 2026 · EBITDA profitable since June 2026 · +7% since
Satago is now EBITDA profitable and, in contrast to prior periods, no further capital is expected to be required to support the business.
Satago turnaround
EBITDA profitable since June 2026
Next: Convert LaaS pipeline; implement MIP in H2 2026
Every step · 3
- 15 Jan 2026 Costs cut; loss narrowing; pipeline maturing – The business has also maintained and grown a strong pipeline of lenders for its embedded finance solution, with further contracts anticipated to materialise... ↗
- 18 Mar 2026 Costs reset; revenue up 140% in two months – Due to strong growth in technology and servicing recurring subscription fees, Satago's revenue to 28 February 2026 grew 140% when compared to the same period in 2025 ↗
- 17 Sep 2026 EBITDA profitable since June 2026 – Satago is now EBITDA profitable and, in contrast to prior periods, no further capital is expected to be required to support the business. ↗
What is happening
Trufin: Satago turnaround – EBITDA profitable since June 2026. ['EBITDA profitable since June 2026']
- In short
- Satago's costs were reset and revenue was up 140% in two months as of March 2026. The 17 September 2026 interims show H1 gross revenue up 41% to £1.0m and EBITDA profit from June 2026, as targeted. First full-year positive EBITDA is now expected for 2026, ahead of plan, with no further capital needed. The next goal is moving to Lending-as-a-Service.
- Announced
- 15 Jan 2026 · Costs cut; loss narrowing; pipeline maturing
- Latest
- 17 Sep 2026 · EBITDA profitable since June 2026
- Profitability
- EBITDA profitable in June 2026; full-year 2026 EBITDA now expected positive
- Subscriptions
- 4,621, up 260% year on year
- Capital
- No further capital expected to be required
- Ownership
- TruFin holds 97.70%; MIP expected in H2 2026
- Next milestone
- Lending-as-a-Service partner launches; non-UK offering in H2
What comes next
Convert LaaS pipeline; implement MIP in H2 2026.
Briefing
Trufin in 4 minutes
TruFin is an AIM-listed holding company that spent years building a video-game publisher, a public-sector early-payment business and an invoice-finance software firm. In June 2026 it sold the game publisher,...
- Act 1A game hit lifts the whole group
- Act 2Lloyds walks away, then the Procurement Act bites
- Act 3Buybacks, then the sale of Playstack
From the company's own announcements. Not investment advice.
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Trufin – company page →