Tagged: funding circle

Report: Funding Circle Has Topped £2 Billion in Lending

SME lender Funding Circle has reportedly topped £2 billion in lending. The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2 billion mark. Of course Funding Circle is an international operation with lending… Read More

Funding Circle is Changing How it Prices Property Loans

On Wednesday, marketplace lending platform Funding Circle announced changes as to how it prices property loans. The lender revealed that following a recent review of its property loan offering, it is increasing the interest rate on certain property loans and will begin to list some… Read More

Funding Circle Stops Originating Loans in Spain

Following big news of a $100 million funding round, Funding Circle has announced it will stop issuing new loans in Spain. The announcement was posted on the Spanish version site of the SME peer to peer lender noting that it has not offered new loans… Read More

Boom: Funding Circle Raises $100 Million in Equity Capital

Funding Circle Also Reports it is Now Profitable in the UK. Funding Circle, one of the largest online SME lender’s in the world, has closed on a $100 million funding round. The equity investment was led by Accel with participation from existing investors; Union Square… Read More

Funding Circle to Receive An Extra £40 Million From British Business Bank For Small Business Lending

Funding Circle announced on Thursday that government-owned British Business Bank would begin lending a further £40 million directly to small businesses through the marketplace lending platform. The website confirmed that this news comes less than two years after an initial £40 million investment by the British Business… Read More

P2P-Banking’s Lehmann: Predictions for 2017 (Infographic)

The following table from P2P-Banking.com shows loan originations in P2P lending marketplaces during December 2016, with Funding Circle (114.1M) significantly leading Ratesetter (68.2M euro), Zopa (60.2 M euro) and LendInvest (24.9M euro). Lendix reports an all time record month at 7.7 million euros in loan origination…. Read More

VPC Sells P2P Loans Originated on Funding Circle as it Re-Focuses on Balance Sheet Investments

VPC Specialty Lending Investments has sold its portfolio of peer to peer loans that were originated on Funding Circle UK.  VPC stated it was seeking “less volatile returns” in selling the P2P assets. “The sale helps accelerate the company’s strategy of reallocating capital away from… Read More

Funding Circle Lends More than £95M in October & Breaks UK Record For Monthly Origination Volume

Marketplace lender Funding Circle reportedly lent out more just a little over £95 million for the month of October and broke the UK’s monthly origination volume record. AltFi revealed that according to its data, Funding Circle has officially lent more than £1.6 billion for over… Read More

Alternative Lender iwoca to Receive Referrals From NatWest Through Capital Connections Panel

On Tuesday, alternative lender iwoca announced it is set to receive referrals from NatWest as part of the website’s new expanded panel of alternative lenders, Capital Connections. According to the companies, Capital Connections build on NatWest’s existing partnerships and creates even more opportunities for users… Read More

Funding Circle Announces Interest Rate Changes

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

Brief: Funding Circle Announces New Partnership With Business Coaching Firm ActionCOACH

Peer-to-peer lending platform Funding Circle announced on Monday its new partnership with business coaching firm, ActionCOACH. Founded nearly 20 years ago, ActionCOACH has advised thousands of small businesses each week on how to find the best employees. Speaking about ActionCOACH’s partnership, Funding Circle’s National Partnerships Manager, Dan… Read More

Former Lloyds CEO Eric Daniels Set to Join Funding Circle’s Board

Eric Daniels, the former CEO of Lloyds Banking Group, recently announced he has officially joined the board of UK-based peer-to-peer lending platform, Funding Circle. Daniels, who departed from Lloyds in 2011, reportedly stated his new role will allow him to take part in the “sea change”… Read More

Centre for Economics and Business Research: Small Business Loans on Funding Circle Boosts UK Economy By £2.7 Billion Since 2010

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

Funding Circle Announces New Global Chief Financial Officer

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

AngelsDen & Funding Circle’s Alum Verto Homes Launches £1M Funding Raise on Crowdcube

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

Funding Circle, European Investment Bank Announce £100 Million Investment for UK SMEs

The  European Investment Bank (EIB) and Funding Circle, a UK-based P2P lender, has jointly announced a £100 million loan program designed to support UK small business. The loans will be originated through the Funding Circle platform.  Funding Circle will also participate with a £25 million… Read More

Drums Pounding: New York Financial Regulator Has Sent Letters to 28 Online Lending Platforms

The New York Department of Financial Services apparently is not content with just rifling through recent actions at Lending Club, the state agency has now sent letters to 28 different online lenders.  This is according to a report by Reuters – the news agency happened… Read More

LendingRobot CEO Emmanuel Marot Shares Views on P2P/Marketplace Lending Industry

  Co-founded by CEO Emmanuel Marot, LendingRobot is a Fintech company that provides powerful tools for the smaller investor interested in investing in Lending Club, Prosper and Funding Circle loans. Peer to peer lending has morphed into marketplace lending as institutional money poured in. Meanwhile LendingRobot… Read More

European Investment Fund & KfW Invest in Securitized P2P Loans

The European Investment Fund, which is part of the European Investment Bank, along with KfW, a German government supported bank, have jointly invested in securitized loans from peer to peer lending platform Funding Circle.  The initiative is part of a broader objective of supporting SME… Read More