<
p>Alternative finance provider Platform Black has recently undergone a shuffle in its head members as two of its founders decide to step back from their previous roles at the firm.
Founder, Colin Levins has stepped down as CEO but remains a shareholder in the company. Colin’s co-founder, Louise Beaumont, has stepped back as well to join AIM-listed finance provider GLI Finance, which is a major shareholder in
As a result Platform Black has appointed former Bibby Financial Services boss Caroline Langron as its new Managing Director.
Caroline has three decades of experience in invoice finance and has been bought in to lead the invoice trading platform’s plan for sustained growth.
Platform Black allows businesses to auction their outstanding invoices online to raise funds, has advanced more than £80 million to British SMEs since its launch in 2012.
Caroline feels that the platform’s trading model has made it popular with businesses seeking flexible finance and investors seeking strong returns.
“The business has evolved from a technology-led alternative finance platform to become a significant source of working capital for British businesses,” Caroline said.
“In its first month of operation in 2012 it advanced just £65,000 – it now provides several million a month.”
Caroline aims to work in tandem with high street banks and the British Business Bank to move away from being an ‘alternative’ finance provider and into the mainstream finance community.
“Platform Black’s talented team and I are committed to continuing that success, and we’ll be implementing an ambitious programme to ensure that growth is consolidated and sustained.”
Alternative finance provider Platform Black has recently undergone a shuffle in its head members as two of its founders decide to step back from their previous….
Leave a comment