Tagged: samir desai

Online Lender Funding Circle Releases FY 16 Results

On Wednesday, online lending platform Funding Circle announced its FY results for the year, ending December 31, 2016. While sharing details about the results, Samir Desai, CEO at Funding Circle, stated:  “2016 was another record breaking year for Funding Circle. We were pleased to achieve our… Read More

Funding Circle Set to Support UK Small Business Growth Through Strategic Partnership With Aegon

On Thursday, online lender Funding Circle announced it has formed a strategic partnership with Dutch financial services group, Aegon, to support the growth of UK small businesses. According to Funding Circle, Aegon is set to invest in loans to UK small businesses through its lending… Read More

Funding Circle Germany Takes a Fresh Start

  Germany is a huge SME and VSME (very small business) credit market. But it is not as mature a market for online marketplace lending as the UK, the US, or even the Netherlands. This partly explains why Funding Circle Germany’s early loan book underperformed…. Read More

Funding Circle Update: £800M Lent in Last 6 Months, Sean Glithero Leaves Auto Trader to Join as CFO

Funding Circle, a leading lending platform for small businesses, today announced that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses… 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

Marketplace Lending: The Challenge of Keeping It Simple And Transparent

LendIt Europe gathered over 900 attendees from 50 countries on the banks of the Thames river to network and hear about the latest trends in online direct lending. The tone of the conference was clearly set by the UK keynote speakers. The UK being 4… 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

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

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

Funding Circle Appoints Jörg Asmussen as New Board Member

Funding Circle announced on Wednesday that former executive board member of the European Central Bank (ECB), Jörg Asmussen, will join its board. This announcement reportedly marks another important step for the company as it strengthens its leadership position in marketplace lending globally Jörg Asmussen is… Read More

CEO & Co-founders of Seedrs, Crowdcube & Funding Circle Among the 100 Coolest People in UK Tech

On Thursday, Business Insider UK announced its 100 Coolest People in UK Tech list. Among those who were named were CEO of Funding Circle Samir Desai, CEO/co-founder of Seedrs Jeff Lynn and Crowdcube co-founders Luke Lang and Darren Westlake. Sharing details about the list, the media outlet revealed:… Read More

UK Fintech Stars Giles Andrews & Samir Desai Receive Recognition from the Queen’s New Year Honours List

In a sign that Fintech has entered the realm of the establishment two leading entrepreneurs have been recognized by the Queen of England in the annual Honours List which was published yesterday. Samir Desai, co-founder and CEO of Funding Circle, has been honoured as a… Read More

Funding Circle Has Now Lent Over £1 Billion in the UK

Funding Circle has revealed in a series of tweets that the company has just topped £1 billion in lending in the UK. The US and Europe add about £250 million. The milestone was foreshadowed in a Funding Circle blog post yesterday stating that 7,250 UK… Read More

Brief: Funding Circle Raises £150M on its First Day Listing on London Stock Exchange

P2P lender Funding Circle‘s peer-to-peer trust raised £150M in London Stock Exchange listing yesterday, reported The Telegraph’s Rebecca Burn-Callander.  The Funding Circle SME Income fund allows the company’s pool of investors to buy shares in the vehicle, which then allocates loans to a portfolio of small businesses,… Read More

Chinese Online Lenders Need to Have Flesh in the Game

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

Seen and Heard at #LenditEurope

A random collection of people met and statements heard at the LendIt Europe conference, day 1, October 20th, 2015. Samir Desai, Cofounder and Director, Funding Circle: “We’re a marketplace, we don’t hold inventory, we don’t take any balance sheet risk, yet our interest is truly… Read More

Funding Circle Announces Shift from Auctions to Fixed Rates for Loans

In a letter to Funding Circle investors, and a post on the Funding Circle site,  the UK’s leading SME direct lender announced within the next month the platform will shift to fixed interest rate loans. Presently Funding Circle uses a bidding process where investors compete… Read More

Funding Circle Lends $235 Million in Q2, Adds to Executive Staff to Manage Lending Growth

Funding Circle has declared approximately $235 million in lending for Q2, boosted in part by a solid June that saw $100 million in loans alone. Funding Circle stakes the claim as the “world’s leading online marketplace for business loans”. Funding Circle stated the US market grew a… 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