Funding Circle, a leading small business loans platform, has expanded its U.S. operations with a second office in Denver, Colorado. With the move Funding Circle will look to hire around 290 new employees in the Denverarea over the next two years to support the company’s growth.
“Denver today serves a hub for both the financial services and technology industries, making it an ideal second home for us in the United States,” Funding Circle U.S. Managing Director Bernardo Martinez. “We are excited to become part of the Denver community and grow our team in the Mile High City.”
Colorado Governor John Hickenlooper (who signed Colorado Crowdfunding Act into law in 2015) added,
“Funding Circle’s presence in Colorado helps strengthen our state’s entrepreneurial and investor ecosystem. Their innovative platform provides greater access to capital and will help create sustainable job opportunities in tech and financial services — two of our state’s fastest growing and most vibrant sectors.”
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Martinez recently took on the mantle of Funding Circle’s new U.S. managing director, succeeding co-founder Sam Hodges who is to become Chairman of Funding Circle U.S.
At Funding Circle, businesses can obtain fixed-rate loans within days to purchase equipment and inventory, hire new employees or for other needs. With U.S. businesses now having accessed more than $1 billion in funding through the platform, Funding Circle is reportedly the first lending platform anywhere in the world to have facilitated more than $1 billion across two markets. Since launching in 2010, investors at Funding Circle has now lent more than $5 billion to more than 40,000 businesses globally. The business has raised $373M in equity capital from the same investors that backed Facebook, Twitter and Airbnb.