Tagged: funding circle

June 1, 2015 @ 9:52 am By JD Alois  |  

Funding Circle is pushing further into the real estate lending space by offering a new short term bridge loan tagging property developers.  According to the peer to peer lender, over the last 12 months Funding Circle has lent over £60 million for property loans creating… Read More

May 29, 2015 @ 7:33 am By Midori Yoshimura  |  

  Skim the peer-to-peer lending headlines over the last few months, and Funding Circle is a regular part of the news cycle. This year alone, the 5-year-old company received a capital boost to the tune of $150 million (the equity funding round was led by DST Global with participation from Baillie Gifford,… Read More

May 28, 2015 @ 8:00 am By Erin Hobey  |  

Fresh from celebrating its two year birthday, Assetz Capital made another announcement: Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through investment crowdfunding platform Seedrs. The firm, which specializes in providing loans to SMEs… Read More

May 26, 2015 @ 2:29 pm By JD Alois  |  

As Crowdfund Insider covered recently, the FT wrote up an article that inferred that “Cherry Picking” of peer to peer loans presently posed an issue in allowing a level playing field between retail and institutional investors. Following the article, we had an enlightening conversation with representatives of… Read More

May 25, 2015 @ 10:37 pm By Midori Yoshimura  |  

2015 may be the year of the great British cherry, according to the UK’s Department for Environment, Food and Rural Affairs, but the trade body overseeing the UK peer-to-peer lending industry is getting ready to introduce a rule against allowing institutions to “cherry-pick” the most desirable loans at the expense… 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

May 14, 2015 @ 2:28 am By Midori Yoshimura  |  

In a Wednesday hearing titled “Bridging the Small Business Capital Gap: Peer-to-Peer Lending,” Funding Circle‘s co-founder and managing director Sam Hodges presented to the House Committee on Small Business​. According to the committee’s website, “The purpose of the hearing was to examine the rise of peer-to-peer lending platforms… Read More

May 11, 2015 @ 8:55 pm By JD Alois  |  

The Committee on Small Business, in the US House of Representatives, will discuss peer to peer lending on Wednesday, May 13th, at the Rayburn House Office Building.  The hearing is entitled Bridging the Small Business Capital Gap: Peer to Peer Lending. According to a notice from… Read More

May 5, 2015 @ 12:17 pm By JD Alois  |  

Peer to peer lending platform Funding Circle has formed a new partnership with the National Small Business Association (NSBA). The new arrangement is designed to “help Main Street get better access to growth capital”.  The NSBA has an active membership of 65,000 businesses.  Their members… Read More

April 22, 2015 @ 9:25 pm By JD Alois  |  

Funding Circle has just received another capital boost in the amount of $150 million.  The equity funding round was lead by DST Global with participation from Baillie Gifford, a fund managed by Blackrock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent… Read More

April 3, 2015 @ 2:50 am By Midori Yoshimura  |  

Funding Circle, which claims to be the “world’s leading online marketplace lender exclusively focused on small business,” is in advanced talks with Temasek Holdings, a Singaporean sovereign wealth fund, to sell a stake in itself, according to Sky News. The move is part of a fundraising effort–to… Read More

April 2, 2015 @ 9:52 am By Erin Hobey  |  

Singapore’s sovereign wealth fund Temasek and money manager BlackRock are set to buy stakes in Funding Circle in deals that could value the British peer-to-peer lending platform at more than $1 billion, reported Sky News today. Temasek plans to invest about 30 million pounds ($44.4 million)… Read More

March 30, 2015 @ 9:38 am By Erin Hobey  |  

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More

March 27, 2015 @ 8:25 am By JD Alois  |  

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More

March 26, 2015 @ 9:01 am By JD Alois  |  

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two… Read More

March 18, 2015 @ 12:44 pm By JD Alois  |  

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of… Read More

March 2, 2015 @ 10:52 am By JD Alois  |  

At the end of 2014, Robert Steinhoff, a JD candidate at the University of Colorado Law School, published a comment on the investment crowdfunding environment in the UK drawing a parallel to what could occur in the United States. The interesting thesis recognized the UK… Read More

February 26, 2015 @ 12:02 pm By JD Alois  |  

Peer to peer lending investor Victory Park Capital has filed a prospectus to list shares on the main exchange of the London Stock Exchange (LSE). Victory Park has been aggressively investing in P2P assets having recently committed a solid $420 million to Funding Circle in… Read More

February 26, 2015 @ 9:15 am By JD Alois  |  

The Bank of England has released its most recent data on the Funding for Lending program, an initiative that is supposed to compel banks to lend to business.  According to the BOE figures, lending is in decline; “Net lending by FLS Extension participants to all… Read More

February 23, 2015 @ 9:49 am By JD Alois  |  

Global financial rating agency Fitch has shared its $0.02 on the recently announced partnership of 200 community banks with Lending Club noting the agreement may introduce new risk to the small banks.  Fitch qualifies this statement by adding there may also be an opportunity present… Read More