Lenvi, the largest standby servicing provider in the UK, is proud to announce its appointment as back-up servicer for the NewDay Funding Master Issuer Plc and NewDay Partnership Master Issuer Plc asset-backed facilities, as well as for certain other of NewDay’s private funding facilities.
NewDay, a leading UK consumer finance provider, specialises in offering credit products through its innovative digital platform. Known for its tech-driven approach, NewDay has established itself as a key player in the UK's consumer credit market, and is one of the most frequent issuers in the ABS space.
The relationship between Lenvi and NewDay has been underpinned by a shared focus on technological innovation. NewDay's digital-first approach to consumer finance aligns with Lenvi's tech-driven standby servicing solutions. The similarities in our approaches work to boost the overall security and efficiency of the service provided.
We are delighted to support NewDay as their backup servicer. This appointment reinforces Lenvi's position as the UK’s leading standby servicing provider, and our ability to support complex securitisation structures. As NewDay continues to grow and innovate in the consumer finance sector, we look forward to working alongside them to provide essential protection to their securitisation programmes.
Owain Chambers - Director of Capital Markets Sales, Lenvi
We are pleased to appoint Lenvi Standby Servicing as the new back-up servicer across our funding programme. We regard them as a market-leader in this area, and have experienced the high level of support they offer to lenders. Lenvi provides us and our investors with the necessary reassurance to manage our funding programme confidently.
Graham Stanford, Director of Treasury Markets - NewDay
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