FCA authorises lender

Omni Capital Retail Finance granted FCA authorisation




Specialist consumer finance lender Omni Capital Retail Finance has secured full Financial Conduct Authority (FCA) authorisation.

The Watford-based lender, which recently launched a division for the marine sector, can continue to provide its partners with a range of regulated finance products now it has been granted full authorisation from the FCA.

Omni Capital, which provides customer finance via retailers and merchants in amounts from £250-£25,000, can also undertake other appropriate regulated activities, including credit broking.

Prior to gaining full authorisation, Omni Capital operated under the FCA's interim permissions regime.

Michael Bevan, managing director of Omni Capital, commented: “Achieving full FCA authorisation is a significant step in our upward progress as a lender providing much-needed liquidity to the UK's all-important retail sector.

 "Authorisation demonstrates our unwavering commitment to responsible lending and will enable us to continue supporting retailers and consumers across the UK.

“I would like to thank my team for their hard work in helping the company achieve this milestone, and we look forward to exploring the exciting new opportunities it grants us.” 

Omni Capital, which supports over 500 independent retailers nationwide and operates across nine distinct retail sectors, has processed over 250,000 applications online and in-store.

Omni Capital and its sister company Fortwell Capital are both financial services brands of CPC Group.

Leave a comment