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Peer2Peer Finance News | May 27, 2019

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Andrew Whelan

Sancus launches bridging and development lending platform

April 29, 2019 |

THE SANCUS Group has launched a new online platform for bridging and property development finance.

The alternative finance group said that the new platform will provide funding opportunities for institutional and high-net-worth investors, via its peer-to-peer lending subsidiary Sancus Funding.

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GLI bosses received over £750k in bonuses despite 2018 loss

April 17, 2019 |

GLI FINANCE executives were collectively paid £784,250 in bonuses last year, despite the company sliding into losses.

The 2018 annual report released by the Aim-listed alternative finance group on Wednesday showed that chief executive Andrew Whelan received £370,800 in bonuses, … Read More

Sancus to start accepting euros and dollars to fund loans

February 6, 2019 |

SANCUS will start accepting euro-denominated loans within the next few months, to help it expand its investor base.

The alternative business finance provider is also planning to establish a new base in the Cayman Islands by the end of 2019, … Read More

Sancus BMS builds its Irish property finance team

August 14, 2018 |

SANCUS BMS Group, the owner of the Sancus Finance and Sancus Funding peer-to-peer platforms, has made two new senior appointments from the Irish property finance sector.

Former Barclays executive Michael Mooney has joined the firm as managing director of Sancus … Read More

Sancus BMS hires Metro Bank’s Bristow to bolster credit team

December 20, 2017 |

SANCUS BMS Group has hired Metro Bank’s Andrej Bristow as credit manager to support its peer-to-peer property finance platform Funding Knight ahead of a long-awaited re-brand.

The alternative finance services provider, owned by Aim-listed GLI Finance, said on Wednesday that … Read More

Sancus Finance MD Caroline Langron to retire

November 1, 2017 |

SANCUS Finance has announced that its managing director Caroline Langron (pictured) will retire at the end of the year, to be replaced with Varengold’s Dan Walker.

The peer-to-peer invoice finance platform said on Wednesday that Walker will be responsible for leading … Read More

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

March 27, 2017 |

ALTERNATIVE finance investment firm GLI Finance has reported a loss of £16.5m for 2016 following a “difficult year” for the group.

Much of the decline was attributed to goodwill write downs and operating losses at the firm’s peer-to-peer lending businesses Sancus Finance … Read More

GLI’s £10m bond lists on Cayman stock exchange

November 2, 2016 |

GLI FINANCE’S £10m bond issuance is now listed on the Cayman Islands Stock Exchange, following its acquisition of Gibraltar-based peer-to-peer lender Sancus.

The alternative finance-focused investment trust first announced its plans to increase its stake in Sancus back in May and issued … Read More

GLI chief fears “car crash” of P2P defaults

October 10, 2016 |

GLI Finance’s chief executive thinks that the UK’s peer-to-peer finance industry could be heading towards a “car crash” of escalating default rates.

Andrew Whelan, who heads up the alternative finance-focused investment firm, said on Monday that the current low … Read More

GLI Finance sells off assets as part of strategic review

October 3, 2016 |

LOSS-MAKING investment firm GLI Finance has sold off a number of assets as part of its strategic review .

The London-quoted company, which invests in a range of alternative finance providers including peer-to-peer bond platform UK Bond Network, said on … Read More