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Peer2Peer Finance News | November 16, 2018

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Sancus goes for Speed with new head of sales

Sancus goes for Speed with new head of sales
Marc Shoffman

SANCUS has appointed a head of sales for its working capital finance division.

Matt Speed (pictured) will head the unit, joining the alternative finance provider from Woodsford Trade finance where he was a founding director.

He brings more than 20 years’ experience in small business finance, having also worked for Bank Leumi ABL and the Royal Bank of Scotland.

“I’m very excited to be joining Sancus in this role, as this allows me to continue helping small- and medium-sized enterprises fund their working capital requirements but also enables me to expand the offering to bespoke educational products and property-backed lending,” Speed said.

Speed joins at a time of expansion for the group, which recently boosted its presence in Ireland.

Read more: Sancus BMS helps GLI Finance return to profit

Sancus also has offices in the UK, Jersey, Guernsey, Isle of Man and Gibraltar, providing supply chain finance, education finance, invoice trading and property loans.

“I’m delighted to welcome Matt to Sancus, it was an easy decision to invite him into the business,” Richard Whitehouse, sales director at Sancus, said.

“We have recently closed a dedicated £50m funding line for our working capital solutions as well as doubling the size of the business over the last 12 months and therefore, now is a great time to bring in Matt to lead our already successful working capital sales team and maintain our pace of growth.”

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Read more: Sancus BMS seeks £15m funding from investors