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HomeBankingAmplifi Capital lands £22.5m funding to fuel Reevo Money expansion

Amplifi Capital lands £22.5m funding to fuel Reevo Money expansion

Date:

  • 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.

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