Oodle Finance plans to be ‘repeat issuer’ as balance sheet booms

By Owen Sanderson
03 Jan 2020

Used car finance platform Oodle plans to be a repeat issuer in securitization, following break-neck growth that’s seen originations grow 1,000% since January 2018. The firm is now one of the UK’s largest fintech companies, with a balance sheet larger than media darling Monzo Bank — while the securitization market is becoming increasingly welcoming to fintech firms.

Oodle issued its debut securitization last autumn, Dowson 2019-1 — its first outing in the capital markets, but unlikely to be its last. As well as the warehouse it signed with Citi, now taken out by the new term deal, it was working on another £900m of facilities ...

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