Tagged: funding circle

Online SME Lender Funding Circle Posts Update on UK COVID-19 Support Schemes, US PPP Loans

Funding Circle (LSE:FCH) has posted an update on its participation and support of COVID-19 relief programs. Funding Circle is facilitating programs in both the US and UK. The SME online lender is participating in the British Business Bank’s (BBB) Coronavirus Business Interruption Loans Scheme (CBILS) and… Read More

Funding Circle Updates on COVID-19 Impact, Hires More Collections Employees, Strikes Positive Note

Funding Circle (LSE:FCH) Global Chief Risk Officer Jerome Le Luel has posted on update on the impact of the COVID-19 pandemic on platform operations. Le Luel said that while the full economic impact of the virus remains unknown and it is too early to predict… Read More

Starling Bank CEO Provides Update on CBILS Lending, Doubles as Customer Support

Starling Bank, a leading UK digital bank, has been moving rapidly to implement COVID-19 business relief programs authorized by the UK government. Starling is the first Fintech to be approved as a Bounce Back Loan (BBLS) provider and, earlier this week, Starling and Funding Circle… Read More

Starling Bank and Funding Circle Form Partnership on SME Lending Under CBILS

Digital bank Starling and Funding Circle (LSE: FCH), a marketplace lending platform serving SMEs, have formed a strategic partnership to provide loans to small businesses under the Coronavirus Business Interruption Loan Scheme (CBILS). According to a note from Starling, the bank will lend via Funding… Read More

Online SME Lender Funding Circle Approved for CBILS Lending

SME Marketplace lending platform Funding Circle (LSE:FCH) has been approved by the British Busines Bank as a lender under the  Coronavirus Business Interruption Loan Scheme (CBILS). The online lender becomes one of a handful of Fintechs in the UK facilitating the program. Funding Circle said… Read More

Funding Circle Receives Approval to Issue Paycheck Protection Program Loans

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, announced on Wednesday it has received approval to issue Paycheck Protection Program (PPP) loans through its online lending platform. As previously reported, the PPP is part of… Read More

Funding Circle Decides to Pause Secondary Market Due to COVID-19

Funding Circle (LSE:FCH), an SME lender that facilitates loans in both the US and parts of Europe, has decided to pause its secondary market due to the COVID-19 pandemic, according to a blog post. Funding Circle has recently taken multiple actions to buttress the platform… Read More

Funding Circle Launches Pre-Application System for Paycheck Protection Program Loans

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Marketplace lending company Funding Circle (LSE: FCH) announced on Friday it launched a pre-application system for small business owners interested in funds from the Paycheck Protection Program, which is offered by the U.S. Department of Treasury and Small Business Administration (SBA). Paycheck Protection Program (PPP)… Read More

Funding Circle Remains Open & Protecting Investors Returns During Coronavirus Outbreak

Marketplace lending company Funding Circle (LSE: FCH) announced on Thursday that despite the outbreak of COVID-19, it is reassuring investors that it is taking appropriate measures to respond to the situation and give them details on the various issues that are currently going on through… Read More

Funding Circle Offering Support to Business Loan Transparency Law in California

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

Funding Circle Named First Place Winner of the FinTech Leaders 2020 Report’s “Business Lending” Category

Marketplace lending company Funding Circle (LSE: FCH) announced on Thursday it was named first place winner of the Center for Financial Professionals (CeFPro) FinTech Leaders 2020 Report’s “Business Lending” Category. According to Funding Circle, the FinTech Leaders 2020 Report is an independent study of the… Read More

Online Lender Funding Circle Securitizes $252 Million in US SME Loans

Funding Circle (LSE:FCH), an online lender servicing SMEs in the UK, US, Germany and the Netherlands, has securitized $252 million in US business loans, according to a note from the platform. This is Funding Circle’s 7th securitization and the second to take place in the… Read More

Funding Circle Names Oliver White As New CFO

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Marketplace lending company Funding Circle (LSE: FCH) announced on Monday it has appointed Oliver White as its new Chief Financial Officer, following Sean Glithero’s decision to step down from his CFO role and from the Board. White will be joining Funding Circle from Vanquis Bank,… Read More

Funding Circle Updates on Projected Returns, Says No Change For Now

Funding Circle (LSE:FCH) posted an update on investor returns earlier today. Currently, the online lender offers two different investment opportunities for investors: Conservative or Balanced. The update effectively included no new news as projected rates remained the same as previously expected: Balanced: 4.5% to 6.5%… Read More

European Crowdfunding Network: Extremely Excited with Harmonized EU Crowdfunding Rules

Yesterday, Crowdfund Insider reported on the agreed-upon legislation for harmonized pan-European crowdfunding rules. Having a single market for online capital formation has been a goal of crowdfunding industry leaders and industry participants for years. Industry advocates have worked diligently behind the scenes to push forward… Read More

Funding Circle Unveils £250 Million Securitization of SME Loans With Waterfall Asset Management

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Marketplace lending company Funding Circle (LSE:FCH) recently unveiled its £250 million securitization of SME loans with Waterfall Asset Management. The duo reported that the portfolio brings the total amount of UK Funding Circle loans securitized to £1 billion and the deal will notably open up… Read More

Funding Circle to Update Lending Process for UK Retail Investors

Funding Circle (LSE:FCH) has announced updates to the lending experience for retail investors in the UK. According to a blog post, on 2 December, the company will launch a new selling tool that is expected to improve retail lenders’ ability to access funds more regularly… Read More

Funding Circle Provides Lessons from “Foreign Frameworks” in Comment Letter Addressing SEC’s Concept Release on Regulatory Harmonization

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Funding Circle (LSE:FCH), a leading peer to peer (marketplace) lending platform serving SMEs, has posted a comment letter regarding the Securities and Exchange Commission (SECs) concept release on regulatory harmonization. Funding Circle is the largest peer to peer lender in the UK – the country… Read More

Funding Circle Announces Completion of $198 Million ABS Securitization

Marketplace lending company Funding Circle (LSE:FCH) announced on Wednesday it has completed its first asset-backed securitization (ABS) of US small business loans originated through its platform. According to Funding Circle, a total of $198 million was raised through the securitization, which marks “the debut of… Read More

Funding Circle Shares Rise on Positive Report

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Last week, online lender Funding Circle (LSE:FCH) released its 6-month report and the shares have responded positively to the numbers. Six-month Revenue was reported at £81.4 million versus H1 2018 at £63.0 million – up 29%. Loans under management rose 37% to £3.54 billion and… Read More

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