Funding Circle Looks to Break Even by Mid-2020

Samir Desai recently chatted with Peer2Peer Finance News; Desai noted that the company started 2020 in a very strong position and that he is very confident that the business will close its loss margin by mid 2020; returns were higher in 2019 than in 2018 which Desai believes proves out their model; in the second half of 2019 Funding Circle UK generated £3 million of operating profit and also grew loans under management by 17%; full-year results which were shared today showed a pre-tax loss of £84.2 million in 2019 which included a non-cash exceptional write-down related to German and Dutch operations. P2P Finance

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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