PremFina expands funding base with £400m Lloyds facility

PremFina, the UK-based insurance premium finance provider, has secured a £400m senior debt facility from Lloyds as it expands its funding capacity to support continued growth in its loan book.

The facility sits alongside the company’s existing £100m junior capital facility with Waterfall Asset Management, agreed in March 2026, creating a multi-layered funding structure to support its expansion strategy.

PremFina’s loan book has grown by more than 300% over the past 18 months, with the company attributing the increase 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 could support further volume growth and potentially provide a route towards public asset-backed securities (ABS) markets in the future.

The additional capital will support PremFina’s premium finance offering, which enables customers to spread insurance payments through a network of more than 200 broker partners.

Founded in 2015, PremFina provides technology-enabled insurance premium finance solutions, using its platform to support brokers and manage premium finance processes at scale.

The transaction reflects continued institutional appetite for specialist finance providers operating within insurance distribution, as technology-enabled platforms seek funding structures that can support portfolio growth.

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.”