Type: Invoice Trading
Invoice Trading - geography: United Kingdom
CO. no.: 7485900
Platform Black is an innovative online trading platform that matches owners of invoices for which they need immediate payment to holders of funds looking to invest. It enables UK businesses to auction their invoices to the best funder ? the owner of the invoice sets the maximum cost of finance, and funders bid the price down to give the business the lowest cost of finance, meaning access to funds at really competitive costs.
In addition to Invoice Trading and Instant Funding Platform Black also offers Supply Chain Finance ? which allows suppliers to finance customer-validated invoices on attractive terms. Platform Black was voted Supply Chain Provider of the Year 2013 & 2014 and has also won Best Payables Supplier Financing Solution 2015.
Typical size of loan/financial package:
Ł42,000 advance amount, Ł47,000 invoice value.
Typical investor profile (retail/institutional) and typical borrower profile:
Investors range from retail to institutional. Borrowers are SMEs.
Description: Louise Beaumont has over twenty years experience in growing companies - from initial spark, to operationalisation, results delivered, and value created. Having previously worked for organisations such as Siemens, Hewlett Packard, Microsoft, and Capgemini, Louise has focused on the UK?s fast growing alternative finance sector since 2010, including co-founding one of GLI?s investees. Louise has advised key UK government departments and units on FinTech and AltFin including; HM Treasury, British Business Bank, Government Office for Science, Cabinet Office, UK Trade & Industry, Department for Business, Innovation & Skills, and Number 10 Downing Street's Policy Unit.
Description: GLI Finance Limited ("Company" or "GLIF") is a Guernsey-domiciled loan company listed on the AIM market of the London Stock Exchange (ticker GLIF). The Company's objective is to produce a stable and predictable dividend yield, with long term preservation of net asset value. This the Company aims to achieve through the provision of secured lending to small and medium sized companies with the view to exit the CLO business over time and focus on the provision of alternative finance to SME?s.
The Company Strategy is to become a leading alternative provider of SME finance and in the last year the Company has made significant strides to achieve this by completing a number of partnership transactions with lending platforms. The platforms which have been invested in vary by geography, industry, size of lending and by type of lending. These include Global trade Finance, UK SME Lending, Offshore Lending, UK invoice discounting, European invoice discounting, Global multi-asset crown funding and UK property-backed lending.