visimoney
TLDR:
- Amplifi Capital has secured £22.5 million in funding from M&G Investments to fuel the expansion of its near-prime loan provider, Reevo Money.
- The funding will complement the £100 million warehouse securitisation facility that Amplifi agreed with NatWest.
London-based fintech disruptor Amplifi Capital has received £22.5 million in funding from M&G Investments to accelerate the growth of its near-prime loan provider, Reevo Money. This funding will complement the £100 million warehouse securitisation facility that Amplifi agreed with NatWest. The goal is to expand Reevo Money’s lending platform and provide access to credit for customers who have been turned away by traditional lenders. Amplifi Capital aims to revolutionize access to credit products by offering affordable and inclusive financial solutions to underserved households. The investment from M&G further supports this mission and enables Amplifi to provide as many customers as possible with affordable lending options. With its responsible lending practices and customer-centric approach, Amplifi aims to create equal opportunities for individuals with near-prime credit scores. The company’s visionary initiatives, coupled with the rise of Reevo Money, seek to shape the future of the market and solidify its position in the fintech sector. M&G Investments is pleased to support Amplifi Capital’s mission and believes that this funding will enable Amplifi to broaden its lending offerings through Reevo Money.
