Sancus Holdings Limited launched last year in Jersey with £23 million in capital backed largely by Channel Island investors. Recognizing the growing potential for peer to peer lending (P2P), Sancus sees opportunity in matching high net worth individuals with small and medium sized enterprises. Sancus has a minimum loan participation of £250,000.
Now according to a report in the Guernsey Press, Sancus is following through on their early commitment to expand into other jurisdictions by now offering services in Guernsey.
This is the first step in their growth plan that includes the possibility of opening up shop in the UK, potentially via acquisition.
Sancus is awaiting approval from the Guernsey Financial Service Commission to operate as a “non-regulated financial services business”.