CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow Platform Black hits £100 million funding milestone
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Platform Black hits £100 million funding milestone PDF Print E-mail
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."

Enabling companies to secure finance against single invoices, Platform Black has helped 185 businesses raise funds since launching in 2012 and continues to grow at a significant pace. Awash with private global investors keen to fund invoices, the platform has seen particularly competitive rates of late.

John said: “We saw strong growth in the first half of the year and the trend is continuing. In particular the number of funders on the platform has risen exponentially, directly benefiting SMEs looking to release working capital quickly. Our proactive approach to risk enables us to support these UK businesses in freeing up cashflow, with funds often available in a few hours, but importantly, it also reflects our robust and sustainable business model.”

(Source - Platform Black News Release)
 

 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197