Tagged: james meekings

Funding Circle Opens Innovative Finance ISA to New Investors

Small business lending platform Funding Circle announced last week it has opened its Innovative Finance ISA (IFISA) to new investors. The online lender reports that the Funding Circle ISA now offers a tax-free projected return of 7.2% or 4.8% per year. to quickly build a… Read More

Funding Circle Fully Authorised by FCA. Platform Now Biggest P2P Lender in UK

Funding Circle, an online lender for SMEs, has received full authorisation by the Financial Conduct Authority (FCA).  Funding Circle is now queued up to offer the IFISA – an event that is expected to fuel platform growth even further. The FCA has struggled to complete… 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

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

Brief: Funding Circle Co-Founder James Meekings Comments on Q3 Funding for Lending Data

Newly LSE-listed Funding Circle shared positive findings today, citing its marketplace as the 3rd largest source of finance to UK small businesses in Q3.  James Meekings, co-founder and UK Managing Director of Funding Circle, commented on Bank of England’s newly released Funding for Lending data… Read More

UK Funding for Lending Scheme Continues to Fail in Mission. Funding Circle Says “Banks Are Not The Answer”

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

Funding Circle Grabs $37 Million in Series C Funding Led by Accel Partners

Over 57,000 UK citizens have joined Funding Circle with over £165 Million lent to British businesses.  Now the Peer-to-Peer platform is getting bigger and they have received $37 Million in a Series C round led by Accel Patners.  Additional investors included Union Square Ventures, Index… Read More

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