Sancus Finance launches new funding platform

By Daniel Lanyon on Monday 5 June 2017

Alternative Lending

The firm has launched a new site designed to showcase funding opportunities in a more simplified and user-friendly format.

Sancus Finance has launched a new lending platform matching funders with businesses looking for lending capital.

Sancus specialises in the provision of short, medium and long term lending for firms seeking access to working capital to boost their growth plans. It has two main SME-focused products, Invoice Trading, which provides funding against outstanding invoices and Supply Chain Finance, which ensures faster payment to suppliers.

Launched back in 2012, Sancus Finance – which until recently was known as Platform Black - is part of the GLI Finance group. GLI Finance last year conducted a strategic review to simplify and streamline its structure of which the new platform launch is a key part. Since launch the platform has lent over £162m of working capital funding to businesses.

Caroline Langron, managing director of Sancus Finance said: “Ensuring a business has access to the finance they need to grow is our key driver. To make this happen we need to ensure that we are giving our funders the confidence they need to use our platform.

Langron adds the firm is continuing on implementing its new growth strategy with more developments planned over the next 12 months.  

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