Addleshaw Goddard advises Fair4All Finance on guarantee to support Monzo's expansion of affordable credit

"Addleshaw Goddard advised Fair4All Finance on a partial lending guarantee of up to £7 million to enable Monzo to share risk when extending credit to customers with limited or low credit scores, aiming to widen access to responsible, affordable credit for thousands of people excluded from mainstream lending."

Addleshaw Goddard advised Fair4All Finance on a guarantee arrangement supporting a new partnership with Monzo to widen access to affordable credit for consumers excluded from mainstream lending. Fair4All Finance is providing a partial lending guarantee of up to £7 million that enables Monzo to share the risk of extending credit to customers with limited or low credit scores. The arrangement is intended to form part of a broader effort to address financial exclusion across the UK by enabling greater access to responsible and affordable credit for consumers who may struggle to obtain finance through traditional lending channels. The initiative seeks to demonstrate how innovative partnerships between mainstream financial institutions and social impact organisations can help bridge the gap for the more than 16 million adults in the UK who face barriers to accessing mainstream credit and improve financial resilience for underserved consumers. Addleshaw Goddard represented Fair4All Finance with a team composed by: Zoe Connor (Partner); Hannah Newton (Structured Finance & Securitisation); Helen Stephen (Structured Finance & Securitisation); Al Mangan (Competition); Thomas Withers (Competition).

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Addleshaw Goddard advises Fair4All Finance on guarantee to support Monzo's expansion of affordable credit

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Addleshaw Goddard advises Fair4All Finance on guarantee to support Monzo's expansion of affordable credit

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