There is big news out of the UK today. In his annual budget, Chancellor of the Exchequer (the equivalent of...
Funding Circle has rebranded with a new website and logo; the rebranding is centered around a focus on expansion and growth; in regards to the rebranding, Chief Marketing Officer Darryl Bowman said, "We are hugely passionate about helping thousands more businesses and investors across the world and today's rebrand is the next step on this journey."; since launching the firm has facilitated loans to 32,000 businesses and estimates it has helped support the creation of approximately 80,000 jobs. Source
P2P-banking.com has reported international P2P lending originations for February; Funding Circle led originations with 121.4 million euros ($127.67 million) in loans originated; Funding Circle also surpassed 2 billion British pounds ($2.46 billion) in cumulative loan originations during the month; Zopa and RateSetter followed Funding Circle with Zopa reporting 89.8 million euros and RateSetter reporting originations of 72.3 million euros; the list does not include P2P lenders in the US. Source
Funding Circle’s latest securitization is their second securitization of US loans; The $252 million securitization (Small Business Lending Trust 2020-A...
According to The Times, sources say Funding Circle is in no hurry to do an IPO, but if the markets continue to be favorable they may go public in the second half of the year; article also shares the potential in their US business where they have much less brand awareness compared to the UK; there are some concerns from clients and investors that the company has not yet been through a recession as they look at an IPO; Funding Circle currently has 850 employees and last raised £82 million at a £990 million valuation. Source
Funding Circle reported originations of 306 million British pounds ($375.12 million) in the fourth quarter of 2016; originations accounted for 36% of lending from the Peer-to-Peer Finance Association's (P2PFA) member firms; the platform's lending is close to surpassing Zopa, the market leader in the UK; at the end of 2016 Funding Circle had originated a total of 1.8 billion British pounds ($2.21 billion) while Zopa has originated 1.9 billion British pounds ($2.33 billion); loan volume growth is expected to continue for Funding Circle in 2017 after announcing in January a 40 million British pound ($49.04 million) investment commitment from the British Business Bank and a 100 million British pound ($122.59 million) equity investment; all of the data released by the P2PFA is available on their website. Source
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
One of the co-founders of Funding Circle USA is stepping down and will become Chairman. Source
Today, Funding Circle announced that they have closed on a $100 million equity round. The round was led by Accel...
[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.] Fintech...