Funding Circle’s Revenue Grows 40% in Past Year

Today, Funding Circle gave its first quarter trading update in the U.K. and continued to show solid growth; loans under management grew to a new high of £3.4 billion, a 44% increase from the first quarter of 2018; Q1 originations grew by 23% to £644 million while revenue grew by 40%; this growth was in line with the company’s expectations for the full year; CEO Samir Desai said, “The first quarter was a period where Funding Circle reinforced its leadership position across each of its markets, reaching a new high of loans under management of £3.4bn.” 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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