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Peer2Peer Finance News | July 17, 2018

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Platform Black

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

Sancus BMS helps GLI Finance return to operating profit

March 26, 2018 |

GLI FINANCE returned to operating profit in 2017 boosted by its alternative lending business Sancus BMS.

The Aim-listed firm reported an operating profit of £0.1m in its annual results, released on Monday, up from a £2.8m loss in 2016.

Its subsidiary … 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

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