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Funding Circle Sees Sales Jump and Losses Widen

Funding Circle Sees Sales Jump and Losses Widen

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EuropeFintechNews Roundup
··1 min read

UK based Funding Circle is expected to report sales are up 48 percent and losses widened 38 percent in the previous 12 months; the platform originated 40 percent more loans and loans under management jumped 55 percent; Chief executive Samir Desai tells AltFi, “Funding Circle delivered a strong end to 2018 which resulted in exceeding our revenue and loans under management guidance for the year.”; analysts think the company is in for a tough 2019 with signs of a potential global economic slowdown and the prospect of Brexit looming. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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