Evaluating Funding Circle’s Prospects in Canada

In their recent annual results Funding Circle announced they will be opening up in Canada later this year; today the peer to peer lending market in Canada has been dominated by Lending Loop in the small business lending space; there will be many challenges for Funding Circle with one of the major hurdles being on the regulatory front as other companies have taken years to be granted a license; but Funding Circle is already working with regulators, they have a strong brand and deep expertise in launching in international markets. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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