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Peer2Peer Finance News | March 21, 2018

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Funding Knight

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

Sancus Finance hits £200m business funding milestone

January 29, 2018 |

ALTERNATIVE business funding platform Sancus Finance has passed the £200m lending milestone.

The firm, which provides peer-to-peer invoice financing and supply chain finance, has helped push lending across all Sancus BMS Group brands to £700m over the past four years.

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

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

GLI Finance’s losses widen

September 25, 2017 |

GLI FINANCE’S losses almost doubled in the first half of 2017, hit by £12.6m of write downs as it continues its planned restructuring of the business.

The Aim-listed firm, which owns peer-to-peer lender Funding Knight, reported a pre-tax loss of … Read More

Want to invest in property? Then take a look at these peer-to-peer platforms

September 22, 2017 |

PEER-TO-PEER allows investors to put their money into all sorts of different loans, from those to individuals looking to buy a new car or kitchen to businesses looking to fund their expansion plans.

There are now a host of platforms … Read More

Sancus completes £12m funding for Heartlands development

July 24, 2017 |

ALTERNATIVE finance provider Sancus has completed a £12m funding deal for a Scottish property development aiming to promote sustainable living on the site of a former coal mine.

The Heartlands development, situated between Glasgow and Edinburgh, along the M8 corridor, … Read More

GLI’s turnaround project FundingKnight snaps up FCA approval

July 14, 2017 |

GLI FINANCE-OWNED lending platform FundingKnight has clinched full authorisation from the Financial Conduct Authority (FCA).

The final stamp of approval comes just one year after the platform went into administration and was rescued by the Aim-listed investment firm.

The peer-to-peer … Read More

Wellesley’s Peter Hudson hired to lead Sancus expansion into property lending

April 10, 2017 |

SANCUS BMS Group has poached Wellesley Finance’s business development director Peter Hudson as part of an expansion into peer-to-peer bridging and development finance.

Hudson has been appointed to a newly-created role of director of property finance, covering the Sancus and … 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