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Digital finance delivers record results for Nostrum

Software provider Nostrum Group saw a third consecutive year of record results in 2014 after securing a number of new clients.

Nostrum, which specialises in automated loan management software, has now seen turnover increase by 137% since the end of 2012.

With a number of major brands coming on-board as clients during 2014 Nostrum saw turnover rise to just over £9m by year end.

This is an increase of 29% from £7m in 2013 and EBITBA increased 13.3% to £1.2m in the same period.

And chief financial officer Neil Warman said the firm expects to see continued growth.

He said:

 

 “We continue to see very strong demand for our lending platform as the market moves to a more digital approach.

“We’ve invested heavily in user experience in recent years and are now reaping the benefits of this development work. In simple terms, we’ve got a product in high demand in a growing market – it’s a great position to be in.”

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