Funding Circle Fund Raises 142mn British Pounds

The Funding Circle SME Income Fund has doubled its investments with a 142 million British pound ($176 million) fundraising; the fundraising is the result of a new C share offering which will convert to ordinary shares within nine months; the Fund is now valued at over 300 million British pounds ($371 million) and has the capacity to issue approximately 350 million more shares in the next twelve months. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!