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Peer2Peer Finance News | August 20, 2017

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GLI Finance

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

GLI-backed Sancus BMS raises stake in Sancus Finance

July 3, 2017 |

SHARES in peer-to-peer invoice finance platform Sancus Finance have been repurchased by its parent company after being sold just a year ago.

The Sancus BMS Group, a subsidiary of Aim-listed investment firm GLI Finance, has reversed a transaction with a … Read More

Sancus Finance launches re-vamped P2P platform

June 5, 2017 |

SANCUS Finance has launched a re-vamped platform to connect investors with business borrowers, as part of a wider series of developments to boost the firm’s service.

The peer-to-peer invoice finance platform is owned by Guernsey-based Sancus BMS Group, which is … 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

How P2P funds have fared over the past year

February 27, 2017 |

PEER-TO-PEER lending-focused investment funds are a popular way for investors to get exposure to the ever-growing P2P market.

But the unpredictable economic and political environment means the performance of these funds varies.

Net asset value (NAV) returns range from three per cent to … Read More

Platform Black rebranded as Sancus Finance

January 16, 2017 |

INVOICE financing company Platform Black has been rebranded as Sancus Finance as part of a strategic review by its owner GLI Finance.

The newly formed Sancus BMS Group will be the new brand behind a number of GLI Finance’s alternative 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