2019 was another great year for the fintech market overalls but not all companies saw success in 2019; AltFi takes...
City A.M. recently visited Funding Circle’s offices and highlights the stark differences from other financial institutions; the company has a relaxed office with various games typical at many startups; as the company has grown they have made sure to maintain a healthy culture which empowers employees to make decisions and be creative; Funding Circle’s co-founder James Meekings discusses workplace culture, the problems they are solving for small businesses and some of the early challenges the company when they lacked data for underwriting. Source
As non bank lenders continue to gain market share across different loan segments, we wanted to give a complete overview...
Bernardo Martinez is stepping down from his role as US Managing Director of Funding Circle; he started leading Funding Circle...
The British Business Bank (BBB) has approved The Bank of India and Silicon Valley Bank to deliver the Coronavirus Business...
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[Editor’s note: This is a guest post from Conor French, General Counsel at Funding Circle. Funding Circle is a Platinum Sponsor at...
It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...
We have recently learned that Bernardo Martinez is stepping down from his role as US Managing Director of Funding Circle....
BlackRock's investment in the Funding Circle SME Income Fund has increased to 15%; meanwhile Aberdeen's ownership has also increased to a substantial share; investments from the institutional managers show the success of the Fund and the confidence in its management; Sachin Patel is the Fund's lead portfolio manager and the Funding Circle SME Income Fund has grown to assets under management of approximately GBP300 million ($383.5 million) following a recent C-Share issuance. Source
Funding Circle and Zopa both discussed the rationale for becoming a bank at the AltFi Europe Summit; Funding Circle's Samir Desai talked about three ways online lenders are collaborating with banks and said, "We at Funding Circle have no plans to launch a bank."; comparatively, Zopa is taking the opposite approach and Jaidev Janardana discussed the firm's bank expansion, noting that the firm will be focusing on savings deposit accounts and will be using deposits to fund loans. Source