UK responsible lending fintech Plend has secured a credit facility of up to £50 million from private markets investment manager Triple Point, strengthening its capacity to serve borrowers often excluded by mainstream lenders. The financing consists of a £20 million senior revolving credit facility alongside a potential £30 million uncommitted accordion that could expand the total available capital over time. Announced on July 28, 2026, the transaction represents Triple Point’s first investment in the consumer lending market.
Facility Supports Refinancing and New Lending
Plend will use the committed funding to refinance its existing facility and finance new loan originations as it scales its lending platform across the United Kingdom. The revolving structure gives the company access to capital that can be reused as borrowers repay their loans, while the accordion provides a mechanism for additional funding if agreed conditions are met. This arrangement is intended to support Plend’s next phase of growth without presenting the full £50 million as immediately committed capital.
A Different Approach to Credit Assessment
Founded in 2020, Plend is an FCA-authorized lender that uses Open Banking information and proprietary technology to evaluate customers based on their current financial circumstances. Its underwriting model is designed to look beyond conventional credit scores, which can exclude people with limited credit histories or profiles that do not fit traditional lending criteria. Through its PLEND Score system, the company assesses affordability using income and spending data to determine whether applicants can responsibly manage repayments.
Addressing Financial Exclusion
Plend targets near-prime borrowers who may be creditworthy but struggle to obtain affordable loans from high-street banks and other established providers. The company says its products can help customers combine several expensive financial obligations into one structured repayment plan, potentially lowering costs and simplifying debt management. By expanding its origination capacity, the new facility could enable Plend to reach thousands of additional customers while maintaining its focus on transparent and responsible lending.
Shared Focus on Responsible Finance
The partnership also reflects a strategic alignment between Plend and Triple Point, both of which are certified B Corporations. Triple Point highlighted Plend’s technology-led underwriting, customer-focused approach, and commitment to financial inclusion as key reasons for backing the lender. Plend founder and chief executive James Pursaill said the financing would support the company’s mission to demonstrate that borrowers should be assessed on more than a traditional credit score.
Triple Point Expands Into Consumer Lending
For Triple Point, the deal extends its specialty finance activities into a new segment after completing several other wholesale lending facilities. The investment manager oversees approximately £2.5 billion across private credit, clean heat, energy transition, social housing, and venture investments. Its specialty finance portfolio includes relationships with lenders such as MT Finance, Hope Capital, Brickflow, BIG Property Finance, Redwood, Ortus, and Faes & Co.
Legal and Transaction Support
Law firm Travers Smith advised Triple Point on the facility, with a finance team led by partner Adam Burk supporting the transaction. The legal work covered the origination of the senior revolving credit structure and the terms enabling Plend to refinance existing borrowing and expand future lending. The involvement of a specialist finance team underscores the institutional structure of the deal and the importance of scalable funding arrangements for technology-enabled lenders.
The facility gives Plend a larger and more flexible source of funding as it seeks to broaden access to affordable consumer credit in the UK. Although only £20 million is initially committed, the additional £30 million accordion creates the potential for substantially greater lending capacity as the business grows. The transaction also signals Triple Point’s confidence in alternative underwriting models that combine Open Banking data, proprietary technology, and responsible lending principles.