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Craven House Capital Invests USD1.5 Million In LM Funding America

LONDON (Alliance News) - Merchant bank Craven House Capital PLC said Wednesday that it invested ...

Alliance News 14 November, 2018 | 11:33AM
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LONDON (Alliance News) - Merchant bank Craven House Capital PLC said Wednesday that it invested USD1.5 million in LM Funding America Inc.

Craven bought 640,000 LM shares at USD2.40 each. After the investment, Craven now holds a 31.5% stake in LM, a technology-based specialty finance company providing funding to non-profit associations.

In 2017, LM made a pretax loss of USD5.2 million and had total assets of USD2 million.

Craven shares were untraded at 3.30 pence each on Wednesday.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Craven House Capital PLC 2.95 USD 0.00 -

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