Amplifi Capital (U.K.) Limited announces it has secured £22.5m in funding from M&G Investments.  Amplifi Capital is the fintech disruptor behind the credit union broker and introducer brand My Community Finance. This significant investment marks a pivotal moment for the company, enabling the fast expansion of Reevo Money - its newest brand and own lending platform. 

As a pioneer in the financial technology sector, Amplifi Capital aims to revolutionise access to credit products for underserved households, ensuring affordable and inclusive financial solutions.  This investment will further bolster the company's mission to provide as many customers as possible with access to affordable lending, so they can confidently pursue their financial goals. 

Amplifi Capital is committed to responsible lending practices and strives to foster a culture of financial empowerment. By combining cutting-edge technology with a customer-centric approach, Amplifi aims to create a level playing field, granting individuals with near-prime credit scores equal opportunities to achieve their financial aspirations. 

This backing from M&G signifies Amplifi's growing influence as a major player within the industry. Amplifi's visionary initiatives, coupled with the rise of Reevo Money, will undoubtedly shape the future of the market and solidify its position as a force to be reckoned with. 

Tobias Gruber, CEO of Amplifi Capital (U.K.) Limited said: "Amplifi Capital are delighted that M&G are joining NatWest in supporting Reevo Money by providing £22.5m in mezzanine funding to complement the £100m NatWest facility. This 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." 

Vincent Charles-Gervais, Structured Credit portfolio manager, M&G Investments, said:  "M&G is pleased to be supporting Amplifi Capital's mission to provide affordable credit to underserved communities in the UK. The mezzanine funding will allow Amplifi Capital to support and broaden its lending offered through Reevo Money”.