Tagged: funding circle

Funding Circle Lends More than £95M in October & Breaks UK Record For Monthly Origination Volume

Funding Circle Founders UK

Marketplace lender Funding Circle reportedly lent out more just a little over £95 million for the month of October and broke the UK’s monthly origination volume record. AltFi revealed that according to its data, Funding Circle has officially lent more than £1.6 billion for over… Read More

Alternative Lender iwoca to Receive Referrals From NatWest Through Capital Connections Panel

Money

On Tuesday, alternative lender iwoca announced it is set to receive referrals from NatWest as part of the website’s new expanded panel of alternative lenders, Capital Connections. According to the companies, Capital Connections build on NatWest’s existing partnerships and creates even more opportunities for users… Read More

Funding Circle Announces Interest Rate Changes

Funding Circle Founders UK

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

Brief: Funding Circle Announces New Partnership With Business Coaching Firm ActionCOACH

Funding Circle Founders UK

Peer-to-peer lending platform Funding Circle announced on Monday its new partnership with business coaching firm, ActionCOACH. Founded nearly 20 years ago, ActionCOACH has advised thousands of small businesses each week on how to find the best employees. Speaking about ActionCOACH’s partnership, Funding Circle’s National Partnerships Manager, Dan… Read More

Former Lloyds CEO Eric Daniels Set to Join Funding Circle’s Board

Funding Circle Founders UK

Eric Daniels, the former CEO of Lloyds Banking Group, recently announced he has officially joined the board of UK-based peer-to-peer lending platform, Funding Circle. Daniels, who departed from Lloyds in 2011, reportedly stated his new role will allow him to take part in the “sea change”… Read More

Centre for Economics and Business Research: Small Business Loans on Funding Circle Boosts UK Economy By £2.7 Billion Since 2010

Funding Circle Founders UK

On Thursday, the Centre for Economics and Business Research released its latest report that revealed small businesses loans facilitated by Funding Circle had boosted the UK economy by £2.7 billion since 2010. The report stated businesses are drawn to direct lending platforms by the speed and simplicity… Read More

Funding Circle Announces New Global Chief Financial Officer

Funding Circle Founders UK

Peer-to-peer lending platform Funding Circle announced this week it has appointed former CEO of Nomura International and EMEA, Jeremy Bennett as its new global chief financial officer.  According to Funding Circle, Bennett has more than thirty years of experience in financial service industry, working for Credit Suisse,… Read More

AngelsDen & Funding Circle’s Alum Verto Homes Launches £1M Funding Raise on Crowdcube

VertoHomes 3

Verto Homes, a London-based builder that creates sustainable homes, launched an equity crowdfunding campaign on Crowdcube to raise £1 million. Within just a few hours, the initiative successfully secured 41% of its targetted goal (£415,000) from 14 investors. Founded in 2010 by entrepreneurs, Tom Carr and Richard… Read More

Funding Circle, European Investment Bank Announce £100 Million Investment for UK SMEs

Money Pounds UK

The  European Investment Bank (EIB) and Funding Circle, a UK-based P2P lender, has jointly announced a £100 million loan program designed to support UK small business. The loans will be originated through the Funding Circle platform.  Funding Circle will also participate with a £25 million… Read More

Drums Pounding: New York Financial Regulator Has Sent Letters to 28 Online Lending Platforms

Historical Drums Cannibal

The New York Department of Financial Services apparently is not content with just rifling through recent actions at Lending Club, the state agency has now sent letters to 28 different online lenders.  This is according to a report by Reuters – the news agency happened… Read More

LendingRobot CEO Emmanuel Marot Shares Views on P2P/Marketplace Lending Industry

LendingRobot Featured

  Co-founded by CEO Emmanuel Marot, LendingRobot is a Fintech company that provides powerful tools for the smaller investor interested in investing in Lending Club, Prosper and Funding Circle loans. Peer to peer lending has morphed into marketplace lending as institutional money poured in. Meanwhile LendingRobot… Read More

European Investment Fund & KfW Invest in Securitized P2P Loans

EU coins money Europe

The European Investment Fund, which is part of the European Investment Bank, along with KfW, a German government supported bank, have jointly invested in securitized loans from peer to peer lending platform Funding Circle.  The initiative is part of a broader objective of supporting SME… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

Crowd at LenditUSA 2016 Peter Thiel

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Finally, Marketplace Lending Leaders Form Industry Association to Support Sector Growth

Marketplace Lending 2

As had been rumored for quite some time, marketplace lending leaders Lending Club (NYSE:LC), Prosper and Funding Circle, have announced the creation of an industry association to represent their interests and advocate on behalf of sector growth.  Formed as a not for profit membership organization,… Read More

The Many Faces of Marketplace Lending : Auxmoney, Funding Circle, FundingXChange & CrossLend 

Euros Money 200

  Execfintech, the German fintech event that took place March 8 in Frankfurt dedicated a couple of panel presentations to marketplace lending. The companies represented included the two most successful lending platforms in Germany, P2P lending site Auxmoney and P2B lending marketplace Funding Circle, along… Read More

Brief: Funding Circle Dedicates Entire Floor of Its London Office to Startups & Small Businesses

Funding Circle Founders UK

Funding Circle, a peer-to-peer (P2P) lending platform, announced this week that it has dedicated an entire floor of its London office to startups and small businesses. This news comes nearly six months after the company moved into 71 Queen Victoria Street in Mansion House. During… Read More

Brief: Funding Circle SME Income Fund is Lending to Business in Europe

Funding Circle How is your day

The Funding Circle SME Fund was listed on the London Stock Exchange in the fall of 2015 having raised £150 million. The permanent capital vehicle is now lending to small business in Germany, the Netherlands and Spain.  The fund had previously commenced lending to UK… Read More

$13.8B for Global Funding for VC-Backed Fintech Firms; Payments, Lending & Blockchain Lead Way

kpmg cb insights

2015 was the year that financial technology entered the mainstream, claims the new report “Pulse of Fintech” from KPMG and CB Insights (see also the University of Cambridge Centre for Alternative Finance  seminal benchmarking surveys last year), which estimates that VC-backed fintech firms around the world secured $13.8 billion in… Read More

Funding Circle Appoints Jörg Asmussen as New Board Member

Funding Circle Founders UK

Funding Circle announced on Wednesday that former executive board member of the European Central Bank (ECB), Jörg Asmussen, will join its board. This announcement reportedly marks another important step for the company as it strengthens its leadership position in marketplace lending globally Jörg Asmussen is… Read More

Brief: Investment In UK FinTech Soared In 2015 By 35% To $901M, Reveals Innovate Finance

Lawrence Wintermeyer

UK investment for financial technology (FinTech) firms increased by 35 percent to $901M across 72 deals, according to statistics compiled through PitchBook by Innovate Finance, the not-for-profit membership association for global FinTech. The rise in UK investment was led by large funding rounds from Funding… Read More