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Peer2Peer Finance News | November 19, 2017

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Platform Black

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 increases Northern profile with new hire

June 15, 2017 |

SANCUS FINANCE has expanded its presence in the North of England by hiring Jennifer Roberts in the newly-created role of regional manager – north.

Roberts will be based in Manchester and will be responsible for increasing awareness of the P2P … Read More

P2P lenders see opportunities in trade finance

April 7, 2017 |

TRADE finance is becoming a targeted area of growth for peer-to-peer lending platforms.

MarketInvoice, which provides invoice financing, has signalled its intentions to expand into trade finance, while Sancus Finance, formerly Platform Black, says businesses are increasingly turning to the product … 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

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