- Amigo stopped trading in March 2023 in wake of regulatory issues
Amigo Loans has less than two months to secure a viable future or it will fall into insolvency, the collapsed subprime lender said on Monday.
The group revealed a shake-up of its senior leadership team as it warned it must raise additional funding as ‘current resources will only be sufficient until early July 2025’.
Amigo stopped trading in March 2023 and began a winddown process in the wake of regulatory issues that forced it to cease offering new loans three years earlier.
The…
