GLI Finance has been recognized as the “Influential Voice in FinTech and “Encourager for SME Growth at Innovate Finance’s Diversity Awards. GLI is an investor and operator in disruptive finance. The company has remained outspoken about the benefits of disruptive finance in challenging traditional financial services operators. Well known GLI Public Affairs and Marketing Director Louise Beaumont has been a consistent commenter on the need for change in the finance sector.
“We’re delighted at the success of GLI Finance in both award categories,” state Geoff Miller, CEO of GLI. “To be viewed as a leader in such a high profile and important debate is exactly where we want to be. Not only does it highlight the unique position that our business occupies in the credit ecosystem but also the wider opportunity for the industry to drive more educated debate around the sector’s future.”
Beaumont commented on the two awards;
“This kind of recognition is hugely rewarding for the team at GLI Finance and testament to the hard work that has taken place across our entire portfolio of platforms. It is however, just the start, in terms of ensuring the FinTech debate receives the degree of profile it deserves with all stakeholders be they politicians, regulators or media. The world has woken up to the limitations of traditional players and the vast potential of new market entrants and we must continue to build on this momentum.
“We must also continue to be the industry’s standard-bearer for institutional investors in order to continue driving the scalability of the sector and developing a regulatory framework that supports this. Finally we’d like to thank Innovate Finance not only for their support and recognition, but also because they themselves have played a huge role in ensuring FinTech is at the centre of the debate on the UK’s broader economic recovery.”
GLI Finance is a significant investor in the global finance sector via its portfolio of 19 investee platforms. GLI Finance platforms have facilitated approximately 184,000,000 new loans to SMEs in the 12 months to April 2015, an increase of 113.55% from 86,163,349 new loans in the 12 months to April 2014. These loans represent a 409% increase in the average size of loan originated across the portfolio to £260,000 in the 12 months to April 2015, from over £61,000 in the 12 months to April 2014.
Today GLI’s portfolio contains: The Credit Junction, TradeRiver Finance, TradeRiver Finance US, Sancus, BMS Finance, Proplend, Ovamba, Raiseworks, Finexkap, LiftForward, FundingKnight, UK Bond Network, Dansk Faktura Bors, Crowdshed, Platform Black, Finpoint, Open Energy Group, MytripleA, and Funding Options.