Archives

August 11, 2016 @ 9:20 am By Samantha Hurst  |  

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

July 14, 2016 @ 9:19 am By Samantha Hurst  |  

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

July 13, 2016 @ 5:06 pm By Samantha Hurst  |  

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

April 21, 2016 @ 11:14 am By Erin Hobey  |  

Neil Mullane has joined Funding Circle’s business development team after heading Barclay’s  business and corporate banking, supporting small businesses with a £250,000 to £25 million turnover. Mullane brings eight years of experience in commercial finance, and will play an active role in continuing to build the intermediary channel. “It’s an… Read More

March 16, 2016 @ 10:21 am By Samantha Hurst  |  

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

February 19, 2016 @ 2:15 pm By Samantha Hurst  |  

On Thursday, Business Insider UK announced its 100 Coolest People in UK Tech list. Among those who were named were CEO of Funding Circle Samir Desai, CEO/co-founder of Seedrs Jeff Lynn and Crowdcube co-founders Luke Lang and Darren Westlake. Sharing details about the list, the media outlet revealed:… Read More

February 2, 2016 @ 4:43 pm By JD Alois  |  

The Bank of England has published its periodic update on lending and, according to their to numbers, loans to non-financial businesses decreased by £3.7 billion in December 2015. This is compared to an average monthly decrease of £0.3 billion over the previous six months. The… Read More

January 14, 2016 @ 6:09 am By Erin Hobey  |  

Funding Circle posed the question on its blog, “Did You Help 146 Businesses Access Finance Last Week?” While many readers were still on holiday, during the week of 4 – 8 January, it was back to business for fintech and the crowdfunding sectors!  Funding Circle investors… Read More

December 31, 2015 @ 7:10 am By JD Alois  |  

In a sign that Fintech has entered the realm of the establishment two leading entrepreneurs have been recognized by the Queen of England in the annual Honours List which was published yesterday. Samir Desai, co-founder and CEO of Funding Circle, has been honoured as a… Read More

December 17, 2015 @ 1:20 pm By Erin Hobey  |  

To help minority-owned small businesses navigate the evolving lending landscape and secure the right financing they need to grow, Funding Circle, a leading marketplace for business financing, has partnered with the Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce. This news… Read More

December 3, 2015 @ 10:56 am By Erin Hobey  |  

Newly LSE-listed Funding Circle shared positive findings today, citing its marketplace as the 3rd largest source of finance to UK small businesses in Q3.  James Meekings, co-founder and UK Managing Director of Funding Circle, commented on Bank of England’s newly released Funding for Lending data… Read More

December 2, 2015 @ 12:21 am By JD Alois  |  

The king of banks, JP Morgan Chase, has decided to partner with a so-far unnamed peer to peer / marketplace lending platform as it seeks to adapt to the fast changing sector of online finance.  CEO Jamie Dimon, speaking on a panel at a US… Read More

December 1, 2015 @ 12:48 pm By Erin Hobey  |  

P2P lender Funding Circle‘s peer-to-peer trust raised £150M in London Stock Exchange listing yesterday, reported The Telegraph’s Rebecca Burn-Callander.  The Funding Circle SME Income fund allows the company’s pool of investors to buy shares in the vehicle, which then allocates loans to a portfolio of small businesses,… Read More

November 16, 2015 @ 2:10 pm By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, recently announced the winners of this years AltFi Awards. Among the winners were Funding Circle and SyndicateRoom. It was noted that this year AltFi split the award categories into three sections: Industry, Small Business & Investor. “For the industry… Read More

September 24, 2015 @ 12:19 pm By Erin Hobey  |  

British peer-to-peer lender Funding Circle announced its plan to raise £150 million ($229 million) through the launch of a new London-listed fund that will provide loans to small businesses. Once launched, With its eyes set on listing on the London Stock Exchange, Funding Circle would become the… Read More

September 3, 2015 @ 4:00 pm By Midori Yoshimura  |  

  With the publication of the Small Business Borrowers’ Bill of Rights, one of the first consensuses on responsible small business lending practices, earlier this month, marketplace lending platforms including Funding Circle, Lending Club and Fundera showed their support for greater transparency for borrowers and accountability for platforms and… Read More

August 11, 2015 @ 9:42 am By Samantha Hurst  |  

This week, the Lambeth Council and Funding Circle announced the launch of the Local Business Lending Partnership, a pioneering new scheme to stimulate local economic growth and employment through improved access to business finance. As part of the scheme, the council will lend money directly… Read More

August 6, 2015 @ 11:37 am By Erin Hobey  |  

Funding Circle touted a record-breaking £47.5 million was lent to businesses across the UK through its marketplace in July. Currently 46 loan requests on the marketplace are available, including a property developer building 4 new homes in Wigan and a fundraising business looking to expand. The total value of new loans… Read More

July 30, 2015 @ 2:03 pm By Erin Hobey  |  

Funding Circle, the SME peer-to-peer lender, announced that a fee-free investment trust will go live after the summer, according to CityWire‘s Gavin Lumsden. This will be the first fund launch from a lending platform and the company hopes the ‘no charge’ proposition will enable it… Read More

May 15, 2015 @ 2:37 pm By JD Alois  |  

The House Committee on Small Business held a hearing this past week to discuss peer to peer lending.  With the influx of institutional funds into P2P lending platforms, many direct lenders are taking up the banner of “Marketplace Lending”.  This does not mean small investors… Read More