Search Results for: funding circle

Funding Circle Completes Fourth Securitization of Funding

Online lending platform Funding Circle announced last week it completed its fourth securitization of funding. According to Funding Circle, the £232 million transaction is considered the largest ever securitization facilitated through its platform. “The transaction was rated by two rating agencies, and its senior tranche was… Read More

Funding Circle Debuts First European Private Debt Fund

Online lending platform Funding Circle announced on Thursday the launch of its first direct lending private fund focused on German and Dutch small businesses. According to Funding Circle, The Funding Circle European SME Direct Lending Fund I (European SME Fund) provides institutional investors including pension… Read More

Funding Circle Cuts Revenue Forecast

Funding Circle (LSE:FCH) has provided an update to its outlook for 2019, as well as H1 2019 financial results and updates to its statistics pages for the three months ending 30 June 2019. The forecast from the SME peer to peer lender indicates lower revenue… Read More

Funding Circle Partners With Aviva Finans AB to Pledge €50 Million Towards Funding Loans For German & Dutch Small Businesses

Online lending platform Funding Circle announced last week it has partnered with Aviva Finans AB to pledge €50 million towards funding loans for German and Dutch small businesses. According to Funding Circle, the investment agreement facilitates the initial €50 million in small business loans over… Read More

Funding Circle Collaborates With Merseyside Pension Fund to Launch UK Economic Impact Fund For British Small Businesses

Online lending platform Funding Circle announced on Monday it has teamed up with Merseyside Pension Fund to launch UK Economic Impact Fund for British small businesses. According to the duo, the UK Economic Impact Fund will give institutional investors including pension funds, insurance companies and local… Read More

Funding Circle Latest Report Reveals: Banks Give Small Businesses The Cold Shoulder One Decade After Financial Crisis

Online lending platform Funding Circle announced on Monday it partnered with Oxford Economics to launch a new report, called “Big Business of Small Business,” which revealed banks have been giving small businesses the “cold shoulder” one decade after the financial crisis, causing the businesses to fail… Read More

LendingClub Partners with Funding Circle and Opportunity Fund to Provide Better Access to Credit for SMEs

Beginning today, LendingClub (NYSE: LC) will connect small business borrowers seeking a loan on their online lending platform with both Funding Circle and Opportunity Fund. The initiative is being pitched as a collaboration designed to substantially increase small business owners’ access to transparent, affordable and… Read More

European Investment Bank to Lend €100 Million to Small Businesses Through Funding Circle

The European Investment Bank (EIB) announced on Wednesday it will lend €100 million to small businesses through online lending platform Funding Circle. According to the banking group, the investment, alongside a further €25 million from a leading global asset manager, will support more than 2,000… Read More

Funding Circle Announces Canadian Expansion Plans

Online lending platform Funding Circle announced on Thursday its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small businesses. The lender revealed it will establish operations in Canada in the second half of 2019 with an office located… Read More

Funding Circle to Provide Access to Loans for Users of Stripe

Stripe has formed a partnership with leading online SME lender Funding Circle  (LSE:FCH). According to a release, Funding Circle is now a “verified extension partner” thus allowing the lender access to Stripe user data to assess the creditworthiness of the business. Funding Circle will provide… Read More

British Business Bank Announces New Commitment With Funding Circle SME Income Fund Limited

The British Business Bank announced on Wednesday it has committed up to £150 million for lending to UK small businesses through Funding Circle. According to the banking group, the transaction is under its ENABLE Funding program and is designed to accelerate lending to small businesses and… Read More

Funding Circle Joins Forces With Just A Card to Back Independent Retailers This Christmas

Online lending platform Funding Circle announced earlier this week it has formed a partnership with Just A Card, a grassroots campaign run by artists, makers, and small business owners, to help independent retailers increase sales during the upcoming Christmas season.  Funding Circle reported that in the run-up… Read More

Online Lender Funding Circle Updates on US Loans in Form D Filed with SEC

Funding Circle lobby

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

dv01 Announces Reporting Partnership with Funding Circle

dv01, a platform that connects online lenders and investors with data management, announced on Thursday it has formed a reporting partnership with leading peer-to-peer (P2P) lender, Funding Circle. dv01 revealed that through its partnership with Funding Circle, institutional investors who use dv01 to conduct analysis… Read More

Funding Circle Trades on London Stock Exchange, Shares Drop in Price

Funding Circle lobby

Funding Circle (LSE:FCH), the leading online lender in the UK providing financing options for SMEs, completed its initial public offering (IPO) on the London Stock Exchange (LSE) this past week. Shares began unconditionally trading today (October 3rd). Originally priced at 440 pence per share, Funding… Read More

Funding Circle Sets Share Price at Low End of Range, Raises Gross Proceeds of £300 Million

Samir Desai

Funding Circle has set the share offer price at the low end of the range, according to a note published by the company. Previously, Funding Circle had announced it would offer up to 136,039,416 shares at a price between 420 pence to 530 pence per share…. Read More

UK Fintech Unicorn: Funding Circle Preps for Initial Public Offering

Funding Circle Founders

Funding Circle is a Fintech darling in the UK. The peer to peer lending platform is archetypal of this sector of Fintech that originated in Great Britain. Today, Funding Circle is the largest online lender in the UK having passed Zopa (mainly a consumer lender), in… Read More

P2P Lending: Funding Circle Moves Forward with Initial Public Offering

The long rumored initial public offering (IPO) of UK based Funding Circle appears to be on track and moving forward with a listing on the London Stock Exchange later this year. In a blog post today, Funding Circle stated; “Today we have announced the next… Read More

Funding Circle Expands Partnership With INTRUST Bank to Support More U.S. Small Businesses

Online lending platform Funding Circle announced on Tuesday it has expanded its strategic partnership with U.S. regional bank INTRUST Bank to support the growth of small businesses in the U.S. The lender reported that following the successful launch of the partnership earlier this year, the… Read More

Report: Funding Circle Lending Unlocked 45,000 British Jobs in 2017

Funding Circle has announced that a new report produced by Oxford Economics revealed that lending through its platform unlocked 45,000 jobs in the UK in 2017. Globally this number jumps to 75,000 across all four of the Funding Circle markets. Overall, Funding Circle’s platform contributed £2.4… Read More

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