Amplifi Capital secures £100 Million to fuel Reevo expansion

This substantial investment will drive the expansion of Reevo Money, Amplifi Capital’s near-prime loan provider and proprietary lending platform.

Amplifi Capital has an innovative approach to the financial technology sector, aiming to revolutionise access to credit products for underserved households, ensuring affordable and inclusive financial solutions. The newly acquired funding will play a pivotal role in furthering this mission, enabling the company to offer accessible credit to a wider range of customers, to achieve their financial goals.

To bolster the reliability of this securitisation facility, Amplifi Capital has partnered with Lenvi, to leverage Lenvi’s expertise and establish a robust infrastructure to support its lending initiatives.

Amplifi Capital is committed to responsible lending practices and a customer-centric approach. By combining cutting-edge technology with a deep understanding of customer needs, Amplifi seeks to level the financial playing field, granting customers with near-prime credit scores equal opportunities to pursue their financial aspirations.

The successful launch of this initiative signifies Amplifi’s growing influence in the industry. With Reevo Money on the brink of rapid expansion, Amplifi Capital is poised to reshape the financial market and solidify its position in the sector.

Tobias Gruber, CEO of Amplifi Capital (UK) Limited, expressed his enthusiasm for the company’s mission, saying, "Amplifi Capital’s technology has revolutionized the credit union sector in the UK. As a credit introducer, it has helped credit unions to issue savings and loan products to over 100,000 customers in the UK with a total loan book of over £420,000,000. The facility with NatWest gives us access to financing Reevo Money at an important time to enable us to continue offering customers access to credit when traditional lenders have turned them away."

Jennifer Wallaert, Head of Speciality Finance of NatWest Markets Plc, shared her support for Amplifi Capital’s endeavors, stating, "NatWest is delighted to support Amplifi Capital in providing affordable credit products to underserved communities in the UK. The bespoke warehouse securitisation provided by NatWest will allow Amplifi Capital to support and broaden its lending offering and ultimately serve its customers despite challenging times."