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Peer2Peer Finance News | July 23, 2019

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Andy Whelan

Sancus tightens credit processes amid no-deal Brexit fears

December 12, 2018 |

SANCUS BMS has prepared itself for a no-deal Brexit and tightened its credit processes to protect itself from a market slowdown, its chief executive has said.

Sancus BMS, which comprises the peer-to-peer lenders Sancus Finance and Sancus Funding, sent out … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Sancus fuels increase in GLI Finance operating profits

September 24, 2018 |

GLI FINANCE swung to a net operating profit of £1.1m in the first half of the year, from a loss of £0.5m a year ago, driven by its Sancus BMS alternative lending division.

Sancus BMS, which comprises the peer-to-peer lenders … Read More

Sancus BMS seeks £15m funding from investors

July 20, 2018 |

SANCUS BMS Group, the owner of the Sancus Finance and Sancus Funding peer-to-peer platforms, is seeking to raise up to £15m from investors.

The alternative finance provider, which is owned by Aim-listed GLI Finance, has launched its fourth special purpose … Read More

Sancus BMS Group targets £1bn of lending by 2020

June 8, 2018 |

SANCUS BMS Group, which owns the Sancus Finance and Sancus Funding peer-to-peer platforms, has now facilitated more than £800m of funding.

The alternative finance provider, which operates in the UK, Jersey, Guernsey, Gibraltar, Ireland and the Isle of Man, said … Read More

Sancus BMS helps GLI Finance return to operating profit

March 26, 2018 |

GLI FINANCE returned to operating profit in 2017 boosted by its alternative lending business Sancus BMS.

The Aim-listed firm reported an operating profit of £0.1m in its annual results, released on Monday, up from a £2.8m loss in 2016.

Its subsidiary … Read More

Sancus draws first funding from Honeycomb credit facility

February 28, 2018 |

SANCUS BMS Group, the peer-to-peer business lender, has drawn down the first tranche of funding provided by the Honeycomb Investment Trust (HIT) for use on its platform.

The GLI Finance subsidiary will use £17.5m from Honeycomb’s funding facility to expand … Read More

GLI Finance secures £50m funding line from Honeycomb

January 29, 2018 |

GLI FINANCE, the Aim-listed alternative finance group, has secured a new funding facility with Honeycomb Investment Trust.

The three-year funding line has a £50m accordion and revolving credit facility, meaning that GLI has the right to increase its line of … Read More

Funding Knight completes rebrand into Sancus family

January 17, 2018 |

THE LONG-AWAITED rebrand of peer-to-peer business lender Funding Knight has been completed.

The platform name has been changed to Sancus Funding with GLI Finance (GLI) transferring its holdings in the group to its Sancus BMS subsidiary.

The move had already … Read More

GLI to kick off FundingKnight rebrand ‘by end of 2017’

October 10, 2017 |

THE PARENT firm of peer-to-peer lender FundingKnight hopes to announce, if not complete, the platform’s rebrand by the end of the year.

Speaking to Peer2Peer Finance News, Andrew Whelan, chief executive officer of GLI Finance, said that the rebrand of … Read More