Amplifi Capital has entered administration.
The London FinTech is behind the credit union introducer brand My Community Finance as well as sub-prime loan provider Reevo Money.
Authorised by the FCA, it raised £22.5m in 2024 from M&G Investments to drive growth of Reevo Money, while the year before it secured a financing facility of up to £100m from NatWest to drive the expansion of Reevo.
Founded in 2015, it granted individuals access to credit when traditional lenders had turned them away. Tobias Gruber (pictured), who joined as group CEO in 2019, ended his term with the company in April 2026, according to his LinkedIn profile.
My Community Finance, launched in 2018, acted as a credit broker, introducing customers to credit unions – My Community Bank (MCB) and Castle Community Bank (CCB) – which issued loans and savings products. Reevo, launched in 2022, revolutionised access to fast, fair and affordable loans.
Robert Spence and Gareth Slater of Interpath Advisory were appointed joint administrators on 9th June 2026.
All existing loan agreements remain in place and will not change because of the administration. However, Amplifi can no longer issue new loans.
Loans or savings with MCB or CCB will not change because of the administration.
Customers should continue to make repayments toward any outstanding loans held with Reevo Money, MCB and CCB as usual, the administrators said.