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Peer2Peer Finance News | August 18, 2019

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Sancus Finance launches re-vamped P2P platform

Sancus Finance launches re-vamped P2P platform
Anna Brunetti

SANCUS Finance has launched a re-vamped platform to connect investors with business borrowers, as part of a wider series of developments to boost the firm’s service.

The peer-to-peer invoice finance platform is owned by Guernsey-based Sancus BMS Group, which is part of Aim-listed investment firm GLI Finance. The firm underwent a restructuring last year, after losses prompted it to launch a strategic review.

Read more: GLI Finance posts £16.5m loss after “difficult” 2016

In developing the new platform, Sancus said it took feedback from its existing clients to understand what information they require when assessing a funding opportunity. The improved offering should make it more “intuitive and straightforward” for investors to assess the right funding opportunities, the firm said.

“Ensuring a business has access to the finance they need to grow is our key driver,” said Caroline Langron (pictured), managing director of Sancus Finance.

“To make this happen we need to ensure that we are giving our funders the confidence they need to use our platform. We continue to work hard to provide them with access to robust information on the businesses and the transactions that they are interested in, to help them make the right decision about providing funding.”

Read more: Sancus Finance boosts sales drive with board promotion

Since its launch in 2012, Sancus has provided more than £162m of working capital funding to businesses to support their growth. The two main products it offers are invoice trading and supply chain finance.

“We have more developments planned over the next 12 months which will see continuous improvement on the system for clients and intermediaries as well as new product initiatives to satisfy market demand,” said Langron.

Read more: Platform Black rebranded as Sancus Finance