Plend, a London-based fintech dedicated to responsible lending, has secured a funding facility of up to €58.3 million (£50 million) from Triple Point, a specialist investment manager also based in London. This investment is set to significantly support Plend’s growth as it works to address financial exclusion across the UK. The initial commitment involves a €23.2 million (£20 million) senior revolving credit facility, with the potential to expand to the full £50 million.
The partnership aims to provide credit access to thousands of individuals often overlooked by traditional lenders. Plend champions a fair and transparent lending approach, emphasizing that a person’s financial viability extends beyond a single credit score. Both Plend and Triple Point are Certified B Corporations, signaling a shared commitment to social and environmental performance, transparency, and accountability.
Expanding Access to Credit
Founded in 2020, Plend operates as an FCA-authorised consumer lender. Its core mission is to offer responsible and affordable credit to borrowers underserved by conventional high-street institutions. James Pursaill, CEO and founder at Plend, stated that the company’s objective has always been to demonstrate that individuals are more than their credit scores. This funding will enable broader access to credit for those who have been marginalized by the existing market.
Plend focuses on creditworthy near-prime borrowers, helping them consolidate expensive commitments into a single, more manageable repayment plan. This approach brings much-needed transparency to the lending market. The collaboration with Triple Point marks a significant step for Plend in scaling its operations and reaching a wider audience.
Leveraging Open Banking for Assessment
A key differentiator for Plend is its use of Open Banking data and proprietary credit technology. This allows the company to assess affordability based on a customer’s real financial circumstances. By moving beyond traditional credit scores, Plend can gain a more accurate picture of a borrower’s financial health.
The company’s proprietary technology, known as the PLEND Score®, is central to this process. It evaluates borrowers’ affordability comprehensively. Plend claims this method makes its product more accessible, accurate, and cost-effective for consumers. This innovative approach helps to bridge the gap for many individuals struggling to obtain credit.
Triple Point’s Strategic Investment
Triple Point, established in 2004, manages approximately €2.9 billion (£2.5 billion) across various sectors. These include private credit, clean heat, energy transition, social housing, and ventures. The firm’s Speciality Finance team has completed several similar facilities recently, supporting a range of wholesale lending clients.
This facility represents Triple Point’s first transaction in consumer lending. Ellis Diamanti, Head of Specialty Finance, Private Credit at Triple Point, highlighted Plend’s distinctive consumer lending platform. He noted its combination of technology-led underwriting with a strong commitment to responsible lending and financial inclusion. Diamanti added that Plend’s B Corp certification aligns with Triple Point’s own values.
The investment firm expressed confidence in Plend’s platform and its potential. This partnership supports Plend’s ambitions and reflects Triple Point’s conviction in the opportunity to promote responsible access to credit. For broader context on regional fintech funding, a recent report highlighted how India’s fintech sector raised nearly $2 billion in the first half of 2026. Another analysis showed Y Combinator dominating fintech investment in 2025. Similarly, UK fintechs like Saible are also securing growth funding to address specific market needs.
This significant funding allows Plend to further develop its platform and expand its reach across the UK. It reinforces the growing recognition of alternative credit assessment models. The collaboration between two Certified B Corporations also underscores a shared vision for ethical finance. Plend’s continued growth could offer a viable pathway to financial inclusion for many underserved borrowers.
