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CORDET has provided a loan to UC Group

CORDET has provided a loan to UC Group

CORDET has provided a loan to UC Group Limited ("UC Group"), a Management owned company. The purpose of the financing package is to support the refinancing of existing debt and provide growth capital.

UC Group is a UK based global provider of payment solutions to online businesses, including payment gateway, merchant acquiring bank, online accounting and treasury management and security solutions. The Company’s focus is on e-commerce and it aims to be an end-to-end solutions platform with its product set well suited to address the payment processing needs of merchants of all sizes.