Lovey secures £250M credit facility from Pollen Street Capital to enhance its lending capacity and support UK SMEs.
Amount Raised
£250 Million
Round Type
Debt Financing
BirminghamFinancial ServicesFinanceFintechLendingInvestors
Description
Lovey, a Birmingham-based FinTech company, has secured a £250 million senior secured credit facility, the largest in its history. This funding will enable Lovey to scale its own-book lending operations and provide larger loans to SMEs in the UK. The facility was provided by Pollen Street Capital, a private equity and credit strategies specialist. Founded in 2016, Lovey aims to offer faster and more flexible access to credit for small and medium-sized enterprises.
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