We are excited to announce that NewDay has successfully secured an impressive £1.7 billion in funding, a significant milestone that will enable us to further our mission of helping people move forward with credit. Since our inception, we have focused on providing nearly 4 million customers with responsible access to a diverse range of credit products, including instalment finance, Buy Now Pay Later (BNPL), and carded and digital revolving credit. This new funding will bolster our already robust in-house digital platform and proprietary credit decisioning capabilities, enhancing the exceptional user experience we promise to our customers.
As we continue to expand our reach, this capital will allow us to invest further in our underwriting capabilities, ensuring that we responsibly approve more applications while setting new standards in customer service. By maintaining our partnerships with some of the UK’s most loved brands, we harness the power of data to drive commerce, ultimately creating value at scale for both consumers and merchants alike. We are committed to remaining a merchant partner of choice in the financial technology space and look forward to using this funding to innovate and introduce more tailored credit solutions that meet our customers’ evolving needs. This is just the beginning of an exciting journey, and we invite our stakeholders to join us as we pave the way for responsible credit access across the UK. Thank you for your continued support as we embark on this next chapter of growth and opportunity.
