Tagged: sam hodges

Funding Circle Expands US Ops into Rocky Mountain State, Poised for Mile High Growth

Funding Circle, a leading small business loans platform, has expanded its U.S. operations with a second office in Denver, Colorado. With the move Funding Circle will look to hire around 290 new employees in the Denverarea over the next two years to support the company’s… Read More

Funding Circle Appoints Bernardo Martinez As New U.S. Managing Director

On Tuesday, online lender Funding Circle announced it was appointed Bernardo Martinez as its new U.S. managing director. He succeeds co-founder Sam Hodges, who is now to become Chairman of Funding Circle U.S. According to Funding Circle, Martinez joins the platform’s team from PayPal, where he… Read More

Funding Circle Receives Additional $100 Million From CIM Through U.S. Business Multi-Year Agreement

SME lender Funding Circle announced on Wednesday that Community Investment Management (CIM), an investment firm focused on marketplace lending, will finance an additional $100 million in loans to businesses originated through Funding Circle in the U.S. According to the online lending platform, the multi-year agreement… Read More

Funding Circle Hits £1.5 Billion Mark Lent to British Businesses (Infographic)

After 5 years, 4 months and 10 days marketplace lender Funding Circle hit £1 billion lent, and now, a mere 9 months later, the platform blogged its newest record, £1.5 billion lent. Funding Circle investors numbering over 50,000 have helped more than 16,000 businesses across the country. Independent research published by the… Read More

Finova Financial Nabs $52.5M in Equity and Credit Facility Combo, MHS Capital, Refactor Capital Funding Circle’s Sam Hodges Lead Round

Finova Financial, a cloud and mobile-based consumer auto title lending platform, has raised $52.5 million in a combination of equity and a credit facility, claiming to be one of the largest initial rounds in FinTech industry history, announced the platform. The funding round was led by… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Finally, Marketplace Lending Leaders Form Industry Association to Support Sector Growth

As had been rumored for quite some time, marketplace lending leaders Lending Club (NYSE:LC), Prosper and Funding Circle, have announced the creation of an industry association to represent their interests and advocate on behalf of sector growth.  Formed as a not for profit membership organization,… Read More

Funding Circle Links with US Dept of Commerce’s Minority Business Development Agency

To help minority-owned small businesses navigate the evolving lending landscape and secure the right financing they need to grow, Funding Circle, a leading marketplace for business financing, has partnered with the Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce. This news… Read More

AlliedCrowds Unveils New “Crowdfunding for Entrepreneurship” Report

AlliedCrowds, has published a new Crowdfunding for Entrepreneurship report as part of Global Entrepreneurship Week.  The data analysis company stated: “Crowdfunding is no longer just a niche form of financing for creative projects. In 2015, transactions across donations, lending, reward, and equity crowdfunding is expected to cross $34… Read More

Funding Circle is Creating Meaningful Change in Lending

At a time when some are claiming that marketplace lending has not gone far enough to challenge the traditional banking system, Sam Hodges and Funding Circle have quietly proven that steadily acting on your principles and advancing your mission, can achieve meaningful change. It had… Read More

Crowdnetic Launches Automated Loan Platform “Marketplace Lending Gateway”

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

Funding Circle to Provide Loans for SMEs that USE H&R Block

Marketplace lender Funding Circle has added a new partner to its growing roster of collaboraters. H&R Block, the accounting service provider, will now provide a new service for business loans of up to $500,000 via Funding Circle’s platform. The new agreement is described as bolstering… Read More

Sam Hodges, Co-Founder of Funding Circle, Talks Small Business Borrowers’ Bill of Rights

  With the publication of the Small Business Borrowers’ Bill of Rights, one of the first consensuses on responsible small business lending practices, earlier this month, marketplace lending platforms including Funding Circle, Lending Club and Fundera showed their support for greater transparency for borrowers and accountability for platforms and… Read More

Funding Circle Lends $100 Million in June

Funding Circle is on a trajectory to originate around $1 billion in loans for 2015. The direct lender facilitated $100 million in loans in both the US and UK combined for the month of June, according to CEO and founder Samir Desai. The marketplace lending… Read More

Interview: Funding Circle Co-Founder Sam Hodges Talks Regulations, Factors Driving P2P Lending In The US

  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

Watch: House Committee on Small Business Discusses Peer to Peer Lending

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

Funding Circle’s Sam Hodges Presents at the House Committee on Small Business​ Hearing

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

Congressional Committee on Small Business to Discuss Peer to Peer Lending

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

Funding Circle, National Small Business Association, Form Partnership

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

Funding Circle Gets $150 Million in Funding. P2P Lender is Now Over $1 Billion in Originations.

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

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