Tagged: funding circle

SME Lending Platform Funding Circle Teams Up with UK’s Atom Bank

Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More

Fintech Enfuce and Funding Circle to Introduce Business Credit Cards for SMBs

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

Funding Circle Receives 7(a) SBLC License from US Small Business Administration

Funding Circle (LSE: FCH), the online platform for small business loans, announced that we have received a formal notice from the US Small Business Administration (SBA) that their application has “resulted in a tentative award for an SBA Small Business Lending Company (SBLC) license to… Read More

UK’s Funding Circle Releases Latest Financial Results, Reports Modest Increase in Income

Funding Circle (LSE: FCH) has recently published its HY 2023 results, “covering the six months ended 30 June 2023.” The business delivered a solid financial performance in line “with expectations and the guidance it set in March for FY2023 and FY2025 remains unchanged.” Here are… Read More

UK’s Funding Circle Appoints Kanthi Muthiah As US Chief Product Officer

Funding Circle (LSE: FCH), which claims to be a leading online lending platform for small business borrowers, recently announced that Kanthi Muthiah has joined the company as U.S. Chief Product Officer. Kanthi, a former FICO, PayPal, and JP Morgan executive, will “support overall product strategy and… Read More

UK’s Funding Circle, the Small Business Loans Platform, Teams Up with Rainbow Energy

Rainbow Energy says they have some updates for their business customers. They are now working with Funding Circle (LSE: FCH), which claims to be the leading platform for small business loans, as a trusted partner in order “to help small businesses get the infrastructure in… Read More

UK’s Funding Circle Facilitates £240M Securitization of Investor’s SME Loan Portfolio

Funding Circle (LSE: FCH),which claims to be the UK’s largest small business lending platform, and Waterfall Asset Management (WAM), a multi-national institutional asset manager, announce “the closing of a £240m securitization backed by SME loans.” The loans, “financed by funds managed by WAM, and originated… Read More

Funding Circle Introduces FlexiPay for Brokers to Offer Their Clients who Have Taken a Business Loan

One of the UK’s largest small business lending platform, Funding Circle (LSE: FCH), has made its new product, FlexiPay, available for brokers to offer their clients who currently have a Funding Circle business loan. The launch of FlexiPay “means small business borrowers can now also borrow,… Read More

Resilience Becomes More Relevant for UK SMEs, Funding Circle Report Reveals

A report published by the UK’s small business lending platform, Funding Circle (LSE: FCH), in partnership with insights consultancy Savanta, looks at “how resilience for small businesses and the impact of staff wellbeing is more important now than ever before.” Small businesses have “been hard… Read More

UK SMEs Demonstrate Resilience as they Prepare for Future Business Operations, Research Reveals

New research— recently published by Oxford Economics and in partnership with Funding Circle (LSE:FCH), including a detailed survey of Funding Circle customers—reveals UK SMEs’ durability, with 58% of respondents “saying their experience of dealing with the pandemic’s challenges has made their business more resilient.” Over… Read More

Funding Circle Reports FY22 Results, Remains Focused on Global Business Strategy

Funding Circle (LSE:FCH) has published its Preliminary Results for the year ended 31 December 2022. Funding Circle reports Group total income (guidance) of £140m – £155m; £148.7m for FY 2022; and £206.9m for FY 2021. And Adjusted EBITDA (guidance) of Positive Adjusted EBITDA; £6.8m for… Read More

Funding Circle, Sage to Streamline Financing for Small Businesses

Funding Circle (LSE:FCH) has announced a partnership with Sage, a firm focused on accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs). The collaboration “makes it simpler for small businesses to secure funding.” With the incorporation of Sage Accounting and Funding Circle’s… Read More

Funding Circle US Appoints New Managing Director

Funding Circle US, a subsidiary of the UK firm Funding Circle (LSE:FCH) has selected a new Managing Director to lead operations. According to a release, Steve Allocca will take over the US operations of the SME online lending platform, reporting directly to Funding Circle CEO… Read More

New CTO at Funding Circle to Lead Innovation Agenda, Product Platform Expansion

Funding Circle (LSE: FCH), which claims to be the United Kingdom’s largest lending platform for small business borrowers, announced the appointment of Greig McEwan as Chief Technology Officer. Greig joins Funding Circle’s Global Leadership Team, “reporting to CEO, Lisa Jacobs.” Greig is “a customer-driven technology leader… Read More

Funding Circle, Bayview Asset Management Announce Lending Partnership

Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More

Funding Circle Reports £1.5M in Operating Profit

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, has announced its results for the six months “ended 30 June 2022.” As noted in an update shared with CI, Funding Circle delivered “a financial performance ahead of expectations, finishing the… Read More

Funding Circle Appoints Bruno Tavares as VP of Engineering

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, recently announced the appointment of Bruno Tavares as VP of Engineering. Bruno has “a strong background in technology, built on more than twenty years of industry experience.” He has “a clear… Read More

Funding Circle Enhances Worker Benefits with £500 “Money To Do More” Allowance

This month, Funding Circle, one of the UK’s largest small business loan platforms, has refreshed its ‘Money To Do More’ scheme “with enhanced benefits for Funding Circle employees, known as Circlers.” The company has “set aside £300k this year, with each of Funding Circle’s 600… Read More

Funding Circle Appoints New MD to Lead FlexiPay Expansion

Funding Circle recently appointed a new Managing Director to lead FlexiPay expansion. Funding Circle, which claims to be one the UK’s largest small business loan platforms, confirmed the appointment of Jerome Fernandez as Managing Director, FlexiPay. FlexiPay is described as “the first short-term finance product… Read More

UK’s Funding Circle and Waterfall Asset Management Launch £1B Lending Partnership

The partnership will leverage the platform’s machine learning capabilities “to deploy new funding to UK small businesses over a two-year period.” Funding Circle, which claims to be the UK’s largest small business loan platform, and Waterfall, an institutional asset manager, recently announced their lending partnership… Read More

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