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 financing arrangement is designed to significantly enhance PremFina’s funding efficiency while powering its broader expansion strategy across the UK, according to InsurTech Insights.
The facility enables the firm to underwrite up to £1.9bn in insurance premium finance volumes, with over £1bn already contracted.
PremFina, an InsurTech company, operates within the insurance premium finance space, helping policyholders spread the cost of their insurance premiums. The company blends innovative proprietary technology with a customer-centric approach to deliver seamless, flexible finance solutions for insurers, brokers, and end customers.
The newly announced securitisation facility offers PremFina a robust capital structure to fund significantly higher volumes of insurance premium finance. With £1bn already secured under contract, the company is well-positioned to further scale its operations. The funding round was advised by SpecFin Capital.
This landmark transaction not only bolsters PremFina’s balance sheet but also reinforces market confidence in its business model, operational performance, and technological foundation.
With access to £1.9bn in funding capacity, the company is equipped to meet surging demand for premium finance solutions.
PremFina has earned a dominant position in the UK’s InsurTech space through its innovative solutions and impressive conversion rate, exceeding 70%. Its latest capital raise highlights institutional interest in quality, tech-enabled assets in the insurance finance domain.
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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