BlenCap instructed to secure £50m funding pipeline for market leading UK Consumer Credit firm

Blencathra Capital has been engaged by a market leading consumer credit firm to secure a c£50m funding line to boost the growth of current operations.

The firm is currently based in the UK but is opening offices in Europe, the Middle East and Australia. The firm’s primary area of operation is in the issuance of loans to cover matrimonial dispute legal costs.

The firm was a first mover in the space having commenced operations in 2013. Typical loan principal and duration is £0.25m and 12 months. A 1.25% per month interest rate is payable by borrowers which is rolled up and paid at maturity.