Palladian Investment Partners invests in PayPlan, a leading UK provider of free debt advice

Palladian Investment Partners LLP is pleased to announce it has entered into a definitive agreement to invest in PayPlan Ltd, one of the UK’s leading providers of free-to-consumer debt advice and payment plan solutions.

Founded in 1992 and led by Chief Executive Officer Rachel Duffey, PayPlan supports more than 100,000 people each year to improve their financial wellbeing by helping them get out of debt and move forward with their lives.

Palladian’s investment, alongside PayPlan’s management team, will accelerate the rollout of enhanced digital services, delivering greater benefits for both borrowers and lending partners.

Rachel Duffey, CEO of PayPlan, said: “At PayPlan, our mission has always been to help people take control of their finances and move forward with confidence. With Palladian’s support, we can accelerate the development of our digital services, making it even easier for individuals to access the free advice and solutions they need. We’re excited about this next chapter and the opportunities it brings for our clients, our partners, and our team.”

Doug Oppenheim, Co-Managing Partner of Palladian, added: “PayPlan is a mission-driven business that every day helps thousands of people to achieve greater financial resilience. We are proud to be partnering with Rachel and her team and are looking forward to working with them to build a market champion delivering financial inclusivity at scale. ”

Completion of the transaction is subject to approval by the Financial Conduct Authority.

Palladian was advised by Ashcombe Advisers, King & Spalding, Addleshaw Goddard, Grant Thornton, Armstrong, Panamoure, Howden, AZR Capital and Capin Partners.