British SME lender Lovey secures up to €298 million to support UK companies
Lovey, a British FinTech and financial services provider specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to €298 million (£250 million) with Pollen Street Capital, an alternative asset manager. The facility is made up of €59 million (£50 million) committed capital and a €238 million (£200 million) […] The post British SME lender Lovey secures…
British FinTech firm Lovey has secured up to €298 million in senior secured credit to bolster UK small and medium-sized enterprises (SMEs). The facility, provided by alternative asset manager Pollen Street Capital, consists of €59 million in committed capital and a €238 million accordion. Lovey's CEO, Jack Smith, stated that the new facility will enable the company to provide more capital to UK SMEs and scale its own-book lending.
Lovey's facility follows several other recent European lending announcements, including €240 million in France and €120 million in Lithuania. EU-Startups reported that these financing arrangements amount to approximately €733 million in total credit capacity.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
