Funding Circle SME Income Fund to be Wound Down

The Funding Circle SME Income investment trust was launched in 2015 to invest in Funding Circle loans originated in the UK, US, Germany and the Netherlands; the FT is reporting that following a period of lower than expected returns the fund is being wound down in an orderly fashion and money will be returned to investors; the company said it intends to launch two new institutional funds to back loans on its platform – a UK private direct lending fund and a UK bond product. 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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