•UK insurance premium financing and software company PremFina raises $36M in equity and debt
•The funds will strengthen PremFina’s expansion into new global markets and meet high demand in the UK
•PremFina is fully regulated by the UK’s Financial Conduct Authority (FCA)
London, UK: PremFina Ltd, a UK-based company that increases access to insurance by providing financing options for the purchase of insurance premiums, today announced US$36 million in equity funding and a debt facility. Rakuten Capital, the investment arm of Japan’s Rakuten, a global leader in e-commerce and fintech services and the main global partner of FC Barcelona and the UK’s Draper Esprit Plc led the financing, and were joined by global investors Thomvest Ventures, Emery Capital, Rubicon Venture Capital, Talis Capital and the company’s founder.
PremFina is the first premium finance company in the UK to receive venture funding, with the equity portion of round more...