Platform Black boosts alternative finance team

Platform Black, a provider of alternative finance to UK businesses, has expanded its team, signalling continuous growth and increasing demand in the sector.

The three new hires bring significant invoice trading and supply chain finance expertise and will support the company, which has provided £117 million in working capital to UK SMEs to date.

Helen Mackenzie joins as Head of Broker Relations, supporting and developing this side of the business. She brings 25 years of invoice finance experience having worked at Close Brothers Invoice Finance and Bibby Financial Services, before being a broker with Capital Corporate Finance.

“The invoice finance sector has changed and matured greatly over the last five years and the emergence of alternative funders such as Platform Black is one of the exciting developments”, said Helen. “Platform Black’s products and services have been tried, tested and refined where needed and we are now growing fast with these secure foundations in place. I am looking forward to working with my invoice finance colleagues from the other side of the fence.”

Gayle Townsend will take the role of Operations Manager, focussing on risk management and under-writing. She previously worked at Bibby Financial Services in construction finance and operations.

Robert Rajeswaran joins the Platform Black Direct Sales team. He is responsible for growing the business across multiple sectors. Previously he worked at Global Credit Securities as a fixed income broker and at MarketInvoice.

Caroline Langron, Managing Director at Platform Black said, “The past year has seen us continue to grow extremely fast, now exceeding £117 million in invoices traded to date. We’re keen to keep up this momentum and are confident that our expanded sales and operational teams will support our commitment to providing fast and flexible access to working capital.”

Platform Black enables companies to secure finance against single invoices, so they can release working capital quickly. With no lock-in contracts or registration fees, finance which would otherwise be tied up is often available from private global funders within just a few hours.

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Ryan Fowler is the editor of Specialist Finance Introducer