Supply chain finance specialist Platform Black is changing its name to Sancus Finance as part of a plan by owners GLI Finance bring together a number of niche alternative finance businesses under the Sancus BMS banner.
This will specialise in delivering short, medium and long term finance to small-medium enterprises and their owners.
Funding solutions will now include invoice trading, supply chain finance, education finance, vendor partner programs and secured loans.
Caroline Langron, managing director of Sancus Finance said: “This is really positive news and demonstrates the continued robust support for Platform Black which is now a key part of a group of complementary businesses. With a change of ownership to Sancus BMS Group and access to a £50m funding line, the business is now positioned to drive further significant growth and enhance our service to our funders and clients.”