GLI Finance Limited FundingKnight granted full FCA authorisation (1419L)
14 July 2017 - 10:00PM
UK Regulatory
TIDMGLIF
RNS Number : 1419L
GLI Finance Limited
14 July 2017
GLI Finance Limited
("GLI Finance" or the "Company")
FundingKnight granted full FCA authorisation
GLI Finance is pleased to announce that its specialist peer to
peer/marketplace lender, FundingKnight, has been granted full
authorisation from the Financial Conduct Authority (FCA).
FundingKnight has been operating under interim permissions since
2014, when the FCA commenced the process of regulating the
peer-to-peer industry. This is an important milestone for the
business and demonstrates its commitment to maintaining the
expected standards of regulatory compliance designed to protect
both funders and clients.
It is also the Company's intention to move FundingKnight into
the Sancus BMS Group of companies (also known as Pillar 1)
operating alongside Sancus Finance, its specialist working capital
finance provider. This structure will expand the Group's
alternative finance offering into the UK asset based lending market
and allow the business to take advantage of a broader range of
commercial opportunities. In anticipation of this approval,
FundingKnight has increased the number of sales people focusing on
the UK market across its existing geographical footprint.
For further information, please contact:
GLI Finance Limited
Andy Whelan +44 (0)1534 708900
Liberum Capital Limited
(Nominated Adviser and
Corporate Broker)
Steve Pearce +44 (0) 207 100 2000
Chris Clarke
Jonathan Wilkes-Green
Instinctif Partners (PR
Advisor)
Tim Linacre/Nick Woods +44 (0)207 457 2020
About GLI Finance
GLI is an AIM listed innovative alternative finance business,
which owns a niche SME lender, Sancus BMS that operates in 6
jurisdictions - UK, Ireland, Jersey, Guernsey, Gibraltar and the
Isle of Man, and a portfolio of emerging FinTech SME-focussed
lending platforms that are located on 3 continents.
About FundingKnight
FundingKnight is a marketplace lender, delivering financing to
small and medium-sized companies (SMEs) across the UK.
FundingKnight acts as match-maker between businesses looking for
finance and institutions and high-net-worth individuals looking for
investment opportunities. The company offers loans from GBP250k
with a range of payment options and is used for a variety of
business funding purposes including property purchases and business
refinancing.
This information is provided by RNS
The company news service from the London Stock Exchange
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