BNP Paribas has granted £200 million of financing to Fluro, the UK consumer lender.
Fluro said the funding will allow it to expand its balance sheet.
Commenting on the partnership, Jonathan Kramer, chief operating officer at Fluro, said: “In these uncertain economic times, Fluro has both the experience and funding to prudently grow lending to UK consumers.”
“We are very excited to be partnering with Fluro in supporting their plans for further expansion into the UK consumer lending market,” said Simon Jones, head of securitised products at BNP Paribas. “This securitisation is designed to support them on their growth trajectory and underscores the strength of their platform.”
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