The new facility aims to accelerate Colenko's growth in the UK housing market.
Shawbrook initially partnered with the lender in June 2022, providing a funding line to support its operations.
Since then, Colenko’s growth has prompted the need for additional funding to meet rising demand and support its expansion.
The £15million deal was completed in four weeks.
Rob Roscoe, CEO at Colenko (pictured above), said: "Shawbrook has been a key partner in our success, and we’re thrilled to deepen our relationship.
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“Their agility and flexibility in completing this deal have been outstanding. This funding will enable us to launch new, innovative products and sustain our upward momentum in the market."
Liam McGall, associate director at Shawbrook, added: "Colenko has consistently impressed us with its growth and innovation over the past two years.
“Their focus on technology and exceptional customer relationships sets them apart in a competitive market. We’re delighted to extend our partnership and support them as they continue their impressive growth journey.”
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