PremFina has announced the successful closure of a £350 million private securitisation facility, supported by HSBC and Waterfall Asset Management. The new funding is set to underpin £1.9 billion in premium finance volumes, of which £1 billion is already contracted. This marks a significant step in PremFina’s long-term strategy to scale operations and enhance funding efficiency.
Waterfall Asset Management UK, an investment adviser with a focus on private credit and asset-based lending, brings its expertise to the transaction. The firm currently manages US$14.1 billion in assets.
This latest development builds on PremFina’s earlier financing milestones. In 2017, the company raised US$36 million (approximately £27 million) in a funding round led by investors including Draper Esprit Plc, Rakuten’s venture capital arm, Rubicon Venture Capital, Emery Capital, Thomvest Ventures, and Talis Capital. That capital was instrumental in accelerating the firm’s technology innovation and market expansion—laying the foundation for its current growth trajectory.
In parallel with its funding initiatives, PremFina continues to expand its distribution network through strategic partnerships. In April, the company announced a collaboration with Ardonagh Advisory to enhance premium finance offerings. The partnership aims to deliver greater access to flexible finance solutions across the UK insurance market, leveraging the strengths and reach of both organisations.
With strong institutional backing and a growing partner network, PremFina is poised to further strengthen its position in the premium finance sector.
