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Commercial Credit News
|Platform Black hits £100 million funding milestone|
|Wednesday, 07 October 2015|
Platform Black has announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company's inception, an achievement which highlights the soaring demand from UK businesses for access to sources of working capital.
"This significant milestone sees us join an exclusive club in the P2P lending space. We are one of only a few that have raised over £100 million, which is testament to the strength of our business,” said John Regan, director, Platform Black. “This benchmark demonstrates our commitment to supporting SMEs seeking efficient cash management and growth. We’re filling the gap where banks are perhaps unable to help and bringing alternative finance into the mainstream."
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