Tagged: funding circle

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

Funding Circle lobby

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

Funding Circle lobby

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

Funding Circle Announces H1 2019 Results

Online lending platform Funding Circle announced on Thursday the numbers of H1 2019, which are the results for the first six months of 2019, ending on June 30th. According to Samir Desai, the CEO and Co-Founder of Funding Circle, the online lending platform grew in revenue… Read More

CEO of Orca Money Says UK Peer to Peer Industry Remains Strong

Iain Niblock, CEO peer to peer lending aggregator Orca Money, says that current criticism of the P2P sector of Fintech should not be construed as being reflective of the entire industry. Returns, which tend not to be correlated with the stock market, remain strong. The… Read More

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

The Financial Conduct Authority Updates Rules for Peer to Peer Lending, Boosts Investor Protection Including Cap on Retail Investors

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. 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

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