Sancus launches new digital lending platform

By Daniel Lanyon on 30th April 2019

Alternative Credit

The Jersey-based alternative credit firm says its lending has passed £1bn in the six years after it was founded.

The Sancus Group has launched a new platform for bridging and property development lending in the UK.

It will provide loans from £500,000 upwards for institutional and high net worth investors through its FCA authorised subsidiary, Sancus Funding.

The wider group was founded in 201 to provide asset backed lending and in February it says that it had surpassed £1bn of lending across its asset backed and SME finance business. Its expansion into the UK as key to achieving its growth ambitions going forward.  

The group believes there is significant demand in the bridging and development finance market in the UK where the fundamentals for alternative finance remain strong.

Andrew Whelan (pictured), CEO, The Sancus Group, said: “The Group passed the £1bn funding milestone earlier this year, and with significant growth over the last few years in asset backed lending, this is the right time to direct more resources towards expansion in the UK market. We have made significant investment in technology to support this growth, allowing us to concentrate our efforts into robust credit processes, which remain a key strength of the business.”

 

Sign up to the Daily Disruptor Newsletter

Companies in this Article:

Financial Conduct Authority

More like this:

Currency exchange fintech expands into credit

27th September 2017
Ryan Weeks

Ultimate Finance hits record lending to SMEs

14th January 2020
John Reynolds

Pollen Street fund hit by Zopa writedown

7th January 2020
Daniel Lanyon

LendInvest fund sees 40% growth in assets

18th December 2019
Daniel Lanyon