We are excited to announce the investment by the Jenson SEIS and EIS Fund 2017/18 into Whitehall Finance Ltd.
Whitehall Finance is a new and innovative supply chain finance provider unlocking the potential for businesses and suppliers to obtain immediate payment for their approved invoices on competitive financial terms bringing benefits to both parties.
They provide a working capital solution to buyers who want to ensure their suppliers have the option to be paid immediately. Buyers simply approve invoices and suppliers can opt to receive immediate payment on better commercial terms than would normally be available through their own sources of finance.
Colin Levins the CEO of Whitehall Finance Ltd is a chartered accountant by training, he founded Whitehall Finance five years after creating SME lender Platform Black, which later became Sancus PB. Prior to that Colin was Finance Director at London & Capital and Knight Frank.
Robert Holland is COO. He ran his own business development business – Lead Gen Solutions. Prior to that, Robert was Head of Supply Chain Finance at Platform Black (now Sancus PB) and more recently Regional Sales Manager at TradeRiver Finance.
Taran Kumar CTO is a technology specialist who has developed applications for JP Morgan, Deutsche Bank and a number of government departments specialising in Liferay, Java and Big Data applications.
Colin Levins commented: “We are delighted to receive investment and support from Jenson Solutions and look forward to growing the Whitehall Finance supply chain finance business in 2018. Working capital finance is still difficult to obtain for many businesses and we believe that the Whitehall Platform provides a great opportunity for buying companies to assist their suppliers in obtaining competitive funding for their business providing a win win solution for both parties. Investors providing the funding can also benefit from returns secured on invoices approved by the well credit rated buyers.”
To find out more about Whitehall Finance please visit their website here.