Tagged: samir desai

February 19, 2016 @ 2:15 pm By Samantha Hurst  |  

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

December 31, 2015 @ 7:10 am By JD Alois  |  

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

December 24, 2015 @ 8:50 am By JD Alois  |  

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

December 1, 2015 @ 12:48 pm By Erin Hobey  |  

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

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  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

October 21, 2015 @ 2:40 am By Therese Torris  |  

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

September 3, 2015 @ 7:11 pm By JD Alois  |  

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

July 21, 2015 @ 8:56 pm By JD Alois  |  

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

July 14, 2015 @ 4:49 pm By JD Alois  |  

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

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

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

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

February 19, 2015 @ 7:57 am By JD Alois  |  

Funding Circle, a leading peer to peer lender that targets small business loans, has announced a significant commitment by Victory Park Capital to finance up to $420 million in loans to small business originated via Funding Circle in both the UK and US over the… Read More

December 11, 2014 @ 1:46 pm By Samantha Hurst  |  

Earlier this morning, Crowdfund Insider reported that Lending Club, the largest peer to peer lender in the world, announced it will finally be listing shares today as its public offer trades on the New York Stock Exchange. The platform’s IPO will be  trading under the symbol… Read More

December 4, 2014 @ 9:16 am By JD Alois  |  

New York based KLS Diversified Asset Management has agreed to invest £132 million in loans to small business originated via peer to peer lender Funding Circle.  The loans will be from a private fund managed by KLS and will provide a “further injection of much… Read More

November 13, 2014 @ 10:59 am By Erin Hobey  |  

The inaugural European LendIt Europe event, which will gather approximately 400 senior executives from 20 countries of Europe’s online lending industry, is scheduled for 17 November.  The event touts that it will be “the first of its kind to host more than 40 established and emerging P2P lending… Read More

November 10, 2014 @ 8:29 am By JD Alois  |  

While it is not quite clear how one qualifies as “cool” these days, leading news publication Business Insider has put together their list of UK coolness in tech.  BI points out that after Silicon Valley and Silicon Alley in NYC – London has become a… Read More

October 5, 2014 @ 11:46 pm By JD Alois  |  

Peer to Peer Lender Funding Circle Leads Claims Largest Deal for 2014. According to a report from London & Partners, tech in London is booming and setting record levels of investment.  So far for 2014 technology firms have captured over $1 billion in aggregate investment…. Read More

July 16, 2014 @ 7:00 pm By JD Alois  |  

Funding Circle Announces $65 Million Investment to Fuel International Growth in New Markets.  Funding Circle, one of the pioneers of peer to peer lending, has released dramatic news today stating they have raised $65 million in a series D round funding led by Index Ventures…. Read More

July 5, 2014 @ 10:00 am By JD Alois  |  

Peer to Peer lending platform Funding Circle recently signed a partnership with Santander to help small businesses secure loans.   They see this new strategic relationship as a methodology to help bring P2P into the mainstream.  Samir states that about 1/3 of the businesses that… Read More