PremFina, the UK’s fastest-growing insurance premium finance provider, has announced a major funding milestone through the completion of a £350m private securitisation facility, supported by HSBC and Waterfall Asset Management.
The deal is aimed at boosting the company’s funding capacity and supporting its expansion plans, according to InsurTech Insights.
The facility will allow PremFina to finance up to £1.9bn in insurance premium volumes, with £1bn already contracted.
PremFina offers tech-enabled premium finance solutions, helping customers and brokers spread the cost of insurance with flexible repayment options.
The transaction was advised by SpecFin Capital and marks a significant step in PremFina’s growth, reflecting strong market demand and confidence in the company’s performance and strategy.
PremFina CEO Sharon Bishop said, “This transaction represents a significant milestone for PremFina and a strong vote of confidence in our people, our investment in technology and our portfolio. The transaction reflects our impressive performance over the last three years. We’re proud to partner with HSBC and Waterfall — two highly respected institutions — as we scale our operations and expand access to flexible, tech-enabled premium finance solutions across the UK.”
HSBC managing director Mawgan Harris said, “We are delighted to support PremFina in this transaction. The facility reflects our continued commitment to backing high-quality UK businesses with scalable and sustainable funding platforms in the specialist finance sector.”
Waterfall Asset Management director Krishin Uttamchandani said, “We are excited to partner with PremFina. The company’s strong underwriting processes, consistent performance, and innovative technology position it well for continued growth.”
SpecFin Capital managing director Kandarp Rawal said, “We’re thrilled to have supported PremFina on this landmark transaction. The level of investor demand and smooth execution reflect PremFina’s robust business model and the growing institutional appetite for high-quality assets in the insurance premium finance space.”
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