GLI Finance invests £1m in SME p2p platform

GLI Finance invests £1m in SME p2p platform




Leading alternative finance investor, GLI Finance Limited (GLI Finance), has announced its partnership with the first peer to peer bond platform, UK Bond Network, where it will be investing £1 mill.

Leading alternative finance investor, GLI Finance Limited (GLI Finance), has announced its partnership with the first peer to peer bond platform, UK Bond Network, where it will be investing £1 million in return for a 16.6 per cent equity stake in the business.

SME specialist finance provider, UK Bond Network, gives listed and unlisted businesses the opportunity to create a bespoke financing structure with terms that suit them. This can be with either loans or bonds from £500,000 to £4 million over terms of one to three years.

The platform bridges the gap in the market between small alternative finance providers (such as private debt funds) and the retail bond market, which is not a realistic option for SMEs seeking less than £20 million.

Commenting on the partnership, Geoff Miller, Chief Executive of GLI Finance, said: "UK Bond Network has achieved impressive growth and is an excellent strategic fit within our portfolio of platforms that provide finance to growing businesses.

“I am sure that, given UK Bond Network's talented management team and the demand for the flexible finance that it provides businesses, it will be a great partner for GLI Finance."

Chris Maule, Chief Executive and Founder of UK Bond Network, added: "We are delighted to be welcoming GLI Finance as a significant investor and partner in our business as we reach a stage in our development when we are looking to accelerate our growth.

“This represents an important strategic step for UK Bond Network and we believe that the experience and expertise of the GLI Finance management team will provide significant value to our business.

“Our offering is complimentary to GLI Finance's existing portfolio of companies, and as such we expect there to be excellent synergies between the platforms."

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