What is insurance premium finance?

It's a loan letting businesses pay annual insurance policies in monthly installments, avoiding big upfront hits — PremFina specializes in fast, tech-driven versions for UK brokers.

How does PremFina make money?

They charge interest on the loans (around 10-20% APR), with fees, while using tech to keep operations cheap and risks low.

Will PremFina expand beyond the UK?

Likely — this funding gives runway, and their model fits markets like the US where premiums are huge but financing's clunky.

🤖 AI in Finance

PremFina's £100M Funding Boost: Brokers Get Breathing Room in a Squeeze

Small brokers drowning in upfront insurance bills just got a lifeline. PremFina's £100M funding expansion means more flexible financing — and a tech-driven shakeup in how UK businesses pay premiums.

theAIcatchup Apr 08, 2026 4 min read

PremFina CEO Sharon Bishop announcing £100M Waterfall funding expansion for insurance finance growth

⚡ Key Takeaways

PremFina doubles loan book in a year via tech and broker ties, now with £100M from Waterfall. 𝕏
Deal boosts funding efficiency, flexibility for scaling in £5bn+ UK insurance finance market. 𝕏
Mirrors BNPL disruption; poised for dominance if execution holds. 𝕏

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theAIcatchup

Markets. Money. Innovation.

#PremFina #Waterfall Asset Management #fintech-funding #insurance premium finance

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Originally reported by Fintech Global

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