Quilam Capital, a provider of both debt and equity solutions to companies in the speciality finance sector, has announced its seventh investment since it launched late 2017.
Quilam has made a multi-million-pound investment into Propensio Finance Limited, a technology-led niche consumer finance platform, which provides unsecured loans to home owners to fund home improvements. The business has a strong network and relationships with home improvement product providers throughout the UK.
Propensio was founded and run by Dave Hindle who has significant experience in the sector having been lending to the home improvement market for over twenty years. The business focuses on the affordability of the loan, working hard to make sure its service, reliability and pay-out times are as quick an efficient as possible.
The investment made by Quilam Capital will help facilitate the next stage of growth for the business by supporting the team’s aspirations to expand the offering, invest in people and infrastructure, whilst maintaining a high-quality service proposition for its customers.
Commenting on the investment, Dave Hindle, Managing Director of Propensio Finance, says: “The business has the foundations to become one of the market leading players in the sector. The investment by Quilam will enable the business to scale quickly and become the funding partner of choice in the home improvement market. The Quilam Team understood our business model intimately and having them as a partner ensures the business has a bright future ahead.”
Kieran McSweeney, Co-Founder and Partner of Quilam, says: “We definitely see the sector as one which is ripe for a new approach and business model. We have known the management team for a number of years and look forward to working closely with them and supporting their ambitious growth plans. This is an exciting investment for us.”