Perch Group lands £55M facility to fuel UK credit platform growth
What's the deal? Blackpool-based Perch GroupDealroom has a profile for this one. Try Dealroom → has secured a £55 million debt facility from Triple PointDealroom has a profile for this one. Try Dealroom →, part of an enhanced £400 million funding platform backing its growth plans. Triple Point joins a panel that includes NatWest GroupDealroom has a profile for this one. Try Dealroom →, Hampshire Trust BankDealroom has a profile for this one. Try Dealroom →, Shawbrook Bank, Paragon BankDealroom has a profile for this one. Try Dealroom →, LloydsDealroom has a profile for this one. Try Dealroom →, and investor Quilam CapitalDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Founded in 2016, Perch has grown from a startup to more than 500 staff, managing over one million customers and holding more than £1 billion in assets under management. The company plans to invest the money in technology and customer outcomes.
Why it matters: Chief financial officer Mark Pickup called the deal "another significant milestone in Perch Group's growth journey," saying it "reflects the confidence that leading financial institutions continue to place in our business."
Ellis Diamanti, head of specialty finance at Triple Point, described Perch as "a genuine UK growth story, built outside London into one of the country's leading credit management platforms with a ten-year track record."
The signal: A regional firm pulling major lenders into a nine-figure funding platform underscores how credit management businesses outside London are scaling into institutional-grade players.
Read more: insidermedia.com
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