In this episode of Debt Matters, we examine the collapse of London-based lender Amplifi Capital and the disclosure that NatWest helped finance a connected vehicle with facilities of up to £250 million. Amplifi entered insolvency in June 2026 after financial difficulties and challenges adapting to UK consumer-credit regulation.

Amplifi began in 2013 serving credit unions before expanding into consumer lending through its Reevo brand in 2022. Reevo offered unsecured personal loans with reported interest rates ranging from 23% to 50%. It operated in an area where affordability, arrears management, vulnerability and fair treatment are especially important.

How was NatWest connected to Amplifi?

The arrangement was not simply a direct loan from NatWest to Amplifi. Filings reviewed by Reuters show that Am ...