Azzurro completes a two-year renewal of a forward flow sale of
delinquent SME revolving credit from a scale non-bank SME lender.

With an Azzurro purchase commitment of £60m, this transaction reflects a 3^rd renewal of this flow, that began in 2020.

Azzurro started acquiring non-performing revolving credit debts from this SME lender in 2020. Since that time, we have invested approximately £60m to purchase circa 23k debts with balances of over £240m.

Commenting on the flow renewal, Andrew Birkwood, CEO, said ‘We are very happy to extend our long-standing partnership in the renewal of this forward flow transaction for 2-years. We remain committed to providing a diligent, compliant, responsive and innovative partner to our SME lender partner, supporting their growth over the coming years.’