PremFina, the UK’s fastest-growing insurance premium finance provider, today announces the successful agreement of a new £350 million private securitisation facility with support from HSBC and Waterfall Asset Management. The company was advised by SpecFin Capital.

The new facility provides enhanced funding efficiency and long-term support for PremFina’s current and future growth strategy. The business plans to deploy the funding to support £1.9 billion in premium finance volumes, with £1 billion already contracted.

PremFina’s strong performance is underpinned by its proprietary technology platform and customer-first approach, achieving a market-leading client conversion rate of over 70%.

Sharon Bishop, CEO of PremFina, 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.”

Mawgan Harris, Managing Director at HSBC, 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.”

Krishin Uttamchandani, Director at Waterfall Asset Management UK, an investment adviser focusing in private credit and asset-based lending with $14.1bn in assets under management, 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.”

Kandarp Rawal, Managing Director at SpecFin Capital, added: “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.”