PremFina, a UK insurance premium finance provider, has secured a new £400m senior debt facility from Lloyds as it expands its funding capacity and continues growing its loan book.
The facility sits alongside PremFina’s existing £100m junior capital facility with Waterfall Asset Management, agreed in March 2026, creating a broader funding structure to support the company’s expansion plans.
PremFina’s loan book has grown by more than 300% over the past 18 months, with the company attributing the growth to its broker relationships, scalable funding model and proprietary technology platform. SpecFin Capital, which has advised PremFina across senior, mezzanine and junior debt facilities over the past two years, said the expanded funding base positions the company to continue increasing volumes and potentially access public asset-backed securities (ABS) markets in the future.
The additional capital will support PremFina’s business plan as it continues expanding its insurance premium finance offering. The company works with more than 200 broker partners to provide customers with more flexible ways to spread insurance payments.
Founded in 2015, PremFina provides technology-enabled insurance premium finance solutions designed to make insurance payments more accessible and flexible for customers. The company said its platform supports its broker network and enables the delivery of premium finance products at scale.
PremFina CEO Sharon Bishop said, “This transaction is another important milestone for PremFina. The support from a leading UK bank such as Lloyds alongside Waterfall Asset Management strengthens our funding platform to support continued growth of the business. With strong momentum across the business, we remain focused on delivering our business plan to achieve significant growth while maintaining strong performance levels.”
Lloyds head of securitised products group Miray Muminoglu added, “PremFina has built a strong position in the insurance premium finance market and has an established track record of growth. We’re committed to supporting specialist finance providers and are pleased to provide this facility to support PremFina’s continued growth.”
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