PremFina Secures £100 Million Upsize and Extension From Waterfall Asset Management

PremFina secures £100M funding boost to fuel rapid expansion

PremFina, the UK's fastest growing insurance premium finance provider, today announces the successful expansion of its funding partnership with Waterfall Asset Management to £100 million. The upsize and extension reflects the continued conviction in PremFina's performance, underwriting discipline and scalable technology-led platform, following strong portfolio growth and consistent asset quality.

The expanded facility strengthens PremFina's balance sheet and provides additional long-term capacity to support its growth strategy. The business has more than doubled its loan book over the past year. PremFina's performance is underpinned by its proprietary technology platform, disciplined credit processes, and deep broker relationships, delivering strong conversion rates and resilient portfolio metrics across market cycles.

Sharon Bishop, CEO of PremFina, said:

"This extension of our partnership with Waterfall is a strong endorsement of PremFina's platform and track record. The transaction enhances our funding efficiency and provides increased flexibility as we continue to scale. We value Waterfall's partnership and long-term support as we build towards our next phase of growth."

Krishin Uttamchandani, Director at Waterfall Asset Management UK, said:

"We are pleased to increase and extend our support for PremFina. The business continues to demonstrate robust performance, disciplined execution and, what we believe, is a differentiated proposition within the insurance premium finance market. This amendment reflects our confidence in the platform and our alignment with PremFina's long-term strategy."

Kandarp Rawal, Managing Director at SpecFin Capital, added:

"We are pleased to continue supporting PremFina as it successfully scales its institutionally-backed lending platform. This transaction positions PremFina for significant future growth and the amended size of the facility reflects the continued appetite from leading institutional investors for high-quality assets in insurance premium finance."