Funding Circle Inks Partnership with Aegon

UK small business lender Funding Circle formed a strategic partnership with the Dutch financial services firm Aegon; Aegon will look to fund about $205 million worth of loans in the first twelve months and then steadily increase that amount for the next three years; the deal helps to ease the gap left by the European Investment Bank who pulled back a $129 million commitment in the wake of the Brexit vote; Funding Circle CEO and Co-Founder Samir Desai explained to AltFi: “This partnership is validation of the attractive risk-adjusted returns that are being generated to investors by lending through Funding Circle. We hope our joint programme with Aegon will develop to deliver increased lending to UK small businesses over the coming years.” 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!