7 years ago

Duologi Secures £20 Million Debt Facility from Paragon to Grow Portfolio

  • Duologi, a Basingstoke, UK-based fintech company, has secured a £20 million facility from Paragon's Structured Lending team

  • The funding will enable Duologi to grow its loan portfolio to £1 billion within five years

  • Duologi plans to expand its customized point-of-sale consumer finance solutions, particularly in the estate agency and healthcare sectors

  • The company is supported by Oaktree Capital and has a current loan portfolio of £40 million.

      • ProblemFinancial Services

      "It's hard to get financing for things you need in the UK. A lot of people don't qualify for loans from traditional banks, and even if they do, the process can be slow and difficult. "

      Solution

      "Duologi gives UK consumers flexible financing options at the point of sale. We help retailers and service providers grow their business by offering customers easy, fast, and affordable loans. "

      Covered on