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Peer2Peer Finance News | July 24, 2019

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Sancus launches bridging and development lending platform

April 29, 2019 |

THE SANCUS Group has launched a new online platform for bridging and property development finance.

The alternative finance group said that the new platform will provide funding opportunities for institutional and high-net-worth investors, via its peer-to-peer lending subsidiary Sancus Funding.

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GLI Finance falls into the red as it takes £20m hit on Fintech Ventures arm

March 25, 2019 |

GLI FINANCE fell into the red last year, dragged down by a “disappointing” further writedown on its Fintech Ventures portfolio of almost £20m.

The Aim-listed alternative finance group on Monday reported operating losses of £2.3m for the year ended 31 … Read More

Sancus tightens credit processes amid no-deal Brexit fears

December 12, 2018 |

SANCUS BMS has prepared itself for a no-deal Brexit and tightened its credit processes to protect itself from a market slowdown, its chief executive has said.

Sancus BMS, which comprises the peer-to-peer lenders Sancus Finance and Sancus Funding, sent out … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Sancus goes for Speed with new head of sales

September 13, 2018 |

SANCUS has appointed a head of sales for its working capital finance division.

Matt Speed (pictured) will head the unit, joining the alternative finance provider from Woodsford Trade finance where he was a founding director.

He brings more than 20 … Read More

Invoice finance: The business lifeline

April 10, 2018 |

IT’S NO secret that cashflow is an issue for many small businesses in the UK, which has led to the growth of a booming invoice finance market. According to trade body UK Finance, invoice finance hit £18.9bn in the third … Read More

Sancus launches enhanced protection on supply chain finance

April 3, 2018 |

SANCUS Finance is offering funders an enhanced protection product to cover losses from invested funds.

The peer-to-peer platform, which provides invoice financing and supply chain finance, currently takes the first 10 per cent of a loss on funding and separately … 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

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.

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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