- Amplifi Capital secures £22.5 million funding from M&G Investments.
- UK-based fintech plans to expand Reevo Money, its personal loan platform, nationwide.
- Reevo Money, launched in 2022, is the company’s second customer-facing brand, specializing in near-prime consumer lending.
- My Community Finance, the first brand introduced in 2018, connects customers with loans and savings products from credit unions.
- Amplifi Capital claims 120,000 active customers and has disbursed over £1 billion in loans.
- The funding builds on M&G’s £50 million investment in June and complements a £100 million credit facility committed by NatWest in September.
- CEO Tobias Gruber says M&G’s investment is crucial for Reevo Money, providing access to credit when traditional lenders decline.
- Amplifi Capital aims to offer affordable lending, supporting customers in achieving their financial goals.
