Tagged: samir desai

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

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

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

Chancellor George Osborne Calls UK the “Comeback Country” as He Touts FinTech, Innovation & More

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

Victory Park Capital Commits $420 Million to Funding Circle UK & US

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

Brief: Co-Founder & Chief Executive of Funding Circle Comments on Lending Club’s IPO Announcement

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

Funding Circle: £132 Million Will Be Invested Into UK Small Businesses via KLS Diversified Asset Management

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

LendIt Europe Connects the Online Lending Community; Conference Meets in London

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

Brief: Several Crowdfunding Execs on BI UK Coolest People in Tech List

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

London Tech Sector Booms; Over $1 Billion Raised by Tech Firms in 2014

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

Funding Circle Raises $65 Million; CEO of Perella Weinberg Joins Board

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

Funding Circle CEO Samir Desai Talks P2P Lending (Video)

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

Funding Circle & Santander Form Partnership

Peer to peer lending platform Funding Circle has announced a new partnership with global banking giant Santander.  The new arrangement is designed to give small UK businesses greater access to capital  The gist of the relationship is that Santander will proactively refer small business customers looking… 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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