Evergreen finance
A UK-based online consumer finance company trading since 2014 under the "Moneyboat" brand (moneyboat.co.uk), an FCA-authorised non-bank lender offering short-term unsecured loans up to GBP 1,500 to underbanked UK consumers. Cumulative origination exceeds GBP 200M, with FY2026 turnover of GBP 40.0M (+41.8% YoY), GBP 3.4M profit before tax, and zero covenant breaches across 7 KILDE tranches.
Kilde Score is the platform’s proprietary credit assessment of the borrower, reflecting Kilde’s independent credit view and expressed as a numeric score from worst to best (1.00–5.75). For full details of the credit methodology, including its mapping to a Fitch-style rating equivalent, please refer to this article.
Total value of bonds this borrower has listed on Kilde for investors to fund.
U.K.
Regulatory status of the borrower: Licensed if the license is required, or 'Not applicable' if no licence is required in its operating market(s).
Total amount of loans the borrower has issued to its own end customers. Reflects the company's overall lending scale.
Outstanding balance of the borrower’s loan portfolio, net of impairment provisions.
Overview
Background & History
Founded in 2014 as the trading brand of Evergreen Finance London Limited (incorporated 2011, company № 07669210), Moneyboat (moneyboat.co.uk) is an FCA-authorised online consumer lender specialising in short-term unsecured loans to underbanked UK consumers. Wholly owned by founder/CEO Yisrael Perkel (80%) and passive UK shareholder Jeremy Benjamin (20%), with no operational subsidiaries, the company is headquartered in London with ~54 employees and has originated over GBP 200M (~USD 264M) in loans since inception entirely through its digital platform.
Business Model & Lines of Business
Evergreen runs a fully digital, end-to-end online lending franchise under the moneyboat.co.uk brand. Its sole product is short-term unsecured instalment loans up to GBP 1,500 at a daily rate of 0.79% (compliant with the FCA's High-Cost Short-Term Credit cap), with an average ticket of GBP 458 and average tenure of 125 days. A proprietary, CIFAS-integrated scoring engine approves and disburses funds within ~15 minutes, and >50% of monthly origination flows to returning customers. The funding base is diversified across Mintos (~77% of funded debt), KILDE (~17%), related-party loans (~5%) and bank lines (~1%), with KILDE's facility secured by a first-priority pledge over a dedicated pool of eligible receivables.
Key Milestones
FY2026 turnover reached GBP 40.0M (USD 52.9M), +41.8% YoY following +38.8% growth in FY2025 to GBP 28.2M. Profit before tax expanded from GBP 0.6M (FY2024) to GBP 1.9M (FY2025) to GBP 3.4M (FY2026), with equity growing organically from USD 4.4M to USD 9.7M without external equity or dividends. KILDE financing was onboarded in May 2024 (master Term Sheet 22 Sep 2023) under a USD 5M secured debt note programme; seven tranches have been issued in SGD/USD (May 2024 – Apr 2026), with zero late payments and zero covenant breaches through Q1 2026. FY2025 audit by MHA (top-15 UK firm) was unqualified.
Management Team & Organization
Led by founder, sole director and operating CEO Yisrael Nosson Perkel (80% UBO, Israeli resident), who has run the moneyboat.co.uk platform since its 2014 launch and built Evergreen into one of the larger FCA-authorised online consumer lenders in the UK by origination volume. The 20% UBO Jeremy Benjamin (UK resident) is a passive shareholder with no operational or board role. The Director chairs an internal management committee comprising the senior leadership team, with no C-level changes in the prior 12 months and no employee or regulatory litigation per the Q1 2026 monitoring submission. The organisation is fully centralised in London with ~54 staff (UK employees and remote contractors), FCA-authorised in good standing since 2014 and reporting under FRS 102.
Financials
Outstanding balance of the borrower’s loan portfolio, net of impairment provisions.
Total income (interest and fee income) generated from the borrower’s lending activities.
Products
Typical contractual tenor of the loans disbursed by the borrower to its end customers.
The effective Annual Percentage Rate of the loan charged by the borrower to its end customers, inclusive of interest and fees.
Typical principal amount disbursed by the borrower to its end customers per loan transaction.
Expected share of non-performing loans (NPL) — loans where the end customer has stopped repaying — under this product, shown as a range.
Share of this product in the borrower's overall loan portfolio. Shows how much of the lending business comes from this product.
Market Data
According to Fitch Rating
Annualised
Annualised
Data Sources
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