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Peer2Peer Finance News | December 17, 2018

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GLI Finance

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

Property underpins Ireland’s P2P sector

August 13, 2018 |

IRELAND’S peer-to-peer sector is flourishing largely thanks to the country’s demand for property development.

Property lenders such as Initiative Ireland and GLI Finance are well-established in the Republic, which also boasts business lenders like Flender, Linked Finance and GRID Finance.

Read More

Sancus hires ex-Handelsbanken executive for credit role

August 2, 2018 |

SANCUS Finance has appointed a former Handelsbanken executive to its credit team, as the company expands its business across the UK and Ireland.

Neil Harrington (pictured) has joined the alternative lending firm as senior credit manager, from his previous role … 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

GLI Finance prepares for Irish property platform launch

July 3, 2018 |

GLI Finance (GLI) has offloaded its stake in an Irish fund dedicated to small- and medium-sized enterprises (SMEs) and will instead focus on property lending in the country.

A stock market update from the AIM-listed alternative finance firm on Tuesday … 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

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