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Peer2Peer Finance News | March 24, 2018

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GLI Finance

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

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

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

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