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Peer2Peer Finance News | June 22, 2018

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GLI Finance

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

GLI Finance hopes fundraisings will reverse slow growth of fintech portfolio

April 13, 2018 |

GLI FINANCE has said that the growth rates of some of the fintech and peer-to-peer platforms it has backed have been slower than expected but hopes that equity fundraising rounds will boost the portfolio.

The alternative finance firm highlighted the valuations … Read More

Honeycomb posts sweeter NAV for March

April 12, 2018 |

THE HONEYCOMB Investment Trust posted an improved net asset value (NAV) return for March.

The alternative finance focused-fund recorded an NAV return of 0.72 per cent last month, under new IFRS 9 reporting standards – that take into account potential … 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

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

Sancus buys bosses’ stakes in Isle of Man business

November 24, 2017 |

GLI FINANCE has announced that its subsidiary Sancus BMS Group has agreed to buy directors’ remaining stakes in Sancus’ Isle of Man business to avoid conflicts of interests.

The Aim-listed alternative finance investment firm said on Friday that Sancus BMS … 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