Tagged: funding circle

Funding Circle, National Small Business Association, Form Partnership

Sam Hodges 2

Peer to peer lending platform Funding Circle has formed a new partnership with the National Small Business Association (NSBA). The new arrangement is designed to “help Main Street get better access to growth capital”.  The NSBA has an active membership of 65,000 businesses.  Their members… Read More

Funding Circle Gets $150 Million in Funding. P2P Lender is Now Over $1 Billion in Originations.

Funding Circle Affordable loans

Funding Circle has just received another capital boost in the amount of $150 million.  The equity funding round was lead by DST Global with participation from Baillie Gifford, a fund managed by Blackrock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent… Read More

Funding Circle In Talks With Singaporean Fund Temasek To Raise Capital For Expansion

Funding Circle Stack of Coins

Funding Circle, which claims to be the “world’s leading online marketplace lender exclusively focused on small business,” is in advanced talks with Temasek Holdings, a Singaporean sovereign wealth fund, to sell a stake in itself, according to Sky News. The move is part of a fundraising effort–to… Read More

BlackRock & Singapore’s Temasek to Buy Stakes in Funding Circle

Sam Hodges Funding Circle

Singapore’s sovereign wealth fund Temasek and money manager BlackRock are set to buy stakes in Funding Circle in deals that could value the British peer-to-peer lending platform at more than $1 billion, reported Sky News today. Temasek plans to invest about 30 million pounds ($44.4 million)… Read More

RateSetter Secures £20 Million Investment from Ken Costa, Woodford Investment Management & Artemis

Zopa Money Trees

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More

VPC Specialty Lending Adds Positions in OnDeck, Funding Circle & Others

One Pound UK £

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More

Funding Circle & Lancashire County Council Partnership Boosts 230 Local Businesses

Lancashire County Council

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two… Read More

Chancellor George Osborne Calls UK the “Comeback Country” as He Touts FinTech, Innovation & More

George Osborne 2

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of… Read More

The Next British Invasion: Non Registered Securities Via the Crowd Can Succeed in the United States

The Beatles British Invasion

At the end of 2014, Robert Steinhoff, a JD candidate at the University of Colorado Law School, published a comment on the investment crowdfunding environment in the UK drawing a parallel to what could occur in the United States. The interesting thesis recognized the UK… Read More

Victory Park Capital to List VPC Specialty Lending Investments on LSE

Peer2PeerLendingUK

Peer to peer lending investor Victory Park Capital has filed a prospectus to list shares on the main exchange of the London Stock Exchange (LSE). Victory Park has been aggressively investing in P2P assets having recently committed a solid $420 million to Funding Circle in… Read More

UK Funding for Lending Scheme Continues to Fail in Mission. Funding Circle Says “Banks Are Not The Answer”

Dinosaur Old Antiquated

The Bank of England has released its most recent data on the Funding for Lending program, an initiative that is supposed to compel banks to lend to business.  According to the BOE figures, lending is in decline; “Net lending by FLS Extension participants to all… Read More

Fitch Tells Community Banks There are Risks & Opportunities in Partnering with Peer to Peer Lenders

The Future of Banking

Global financial rating agency Fitch has shared its $0.02 on the recently announced partnership of 200 community banks with Lending Club noting the agreement may introduce new risk to the small banks.  Fitch qualifies this statement by adding there may also be an opportunity present… Read More

UK Peer to Peer Lending Index Launched by AltFi

Liberum AltFi Returns Index

AltFi Data has launched the first Index to track the returns available from the UK peer to peer and marketplace lending industry. The Liberum AltFi Returns Index (LARI) is described as accurately tracking peer to peer lending returns using complete loan-by-loan cash flows provided by the major platforms. Currently, the Index… Read More

Funding Circle Passes £500 Million in Loans for Small Business

10£ Queen Elizabeth British Pounds

UK based business lender Funding Circle has reached a new milestone in peer to peer lending.  The 4 1/2 year old company has now topped £500 million in loans that have been provided for over 7000 UK SMEs in need of finance.   It took just shy of 4… Read More

Funding Circle Fires UP Fractional Loans. P2P Lender Claims First in US Market

Funding Circle Affordable loans

Funding Circle, a small business loan marketplace, has claimed “first’ in offering individual investors the opportunity to invest in secured fractional small business loans with the launch of its new Fractional Loan Marketplace. Now individual investors may purchase fractional loans ranging in size from $25,000 to… Read More

Peer to Peer Lenders & RBS Join Forces to Fund UK Businesses; Chancellor of the Exchequer George Osborne Welcomes P2P Partnership

Royal Bank of Scotland RBS

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is… Read More

Funding Circle Partners with Herefordshire Council to Boost Local Economic Growth

Funding Circle Herefordshire

Funding Circle, a business oriented peer to peer lending platform, has signed onto a new partnership with local government Herefordshire Council to launch a “pioneering” agreement.  The new partnership is designed to boost local economic growth and job creation via improved access to business finance…. Read More

Funding Circle Runs Stress Test on Platform

10£ Queen Elizabeth British Pounds

Peer to peer lender Funding Circle recently tested their own platform to see how things would shake out during “adverse economic conditions”.  As we all know economies ebb and flow through an endless cycle of growth and retrenchment.  The “Great Recession” was an extreme example… Read More

Brief: Co-Founder & Chief Executive of Funding Circle Comments on Lending Club’s IPO Announcement

Samir Desai 1

Earlier this morning, Crowdfund Insider reported that Lending Club, the largest peer to peer lender in the world, announced it will finally be listing shares today as its public offer trades on the New York Stock Exchange. The platform’s IPO will be  trading under the symbol… Read More

Funding Circle: £132 Million Will Be Invested Into UK Small Businesses via KLS Diversified Asset Management

Funding Circle How it Works

New York based KLS Diversified Asset Management has agreed to invest £132 million in loans to small business originated via peer to peer lender Funding Circle.  The loans will be from a private fund managed by KLS and will provide a “further injection of much… Read More