London-based Amplifi Capital secures a £100 million securitization warehouse with NatWest to expand its personal lending platform Reevo Money and enhance credit accessibility.
Facts
- Amplifi Capital specializes in near-prime consumer lending through My Community Finance and Reevo Money brands.
- Reevo Money offers consumer loans with interest rates ranging from 22.7% to 50% and promises quick fund disbursement.
- The securitization facility aims to provide accessible credit and level the credit access field in the UK.
- Amplifi received an additional £50 million in debt funding from M&G in June.
- Partner Lenvi’s lending software solutions will support the facility’s backup servicing.
- Amplifi’s CEO, Tobias Gruber, highlights the importance of this deal for expanding credit access to underserved customers, with both My Community Finance and Reevo Money serving over 100,000 UK customers to date.
