We combine our unique behavioural and performance data from over 150,000 Term Loans and nearly 230,000 FlexiPay transactions with publicly available sources over nearly 15 years to give us a deeper understanding of SMEs
What makes Funding Circle unique?
Funding Circle is a lending platform where SMEs come to borrow and institutional investors come to lend.
SMEs are a key driver of communities, society and economies. Yet access to the finance they need to support their aspirations and operations is often restricted, with SMEs making up around half of UK GDP, but only a fraction of bank lending (<2% in our markets).
Our sustainable differentiation comes from our data and technology:
Helping us to develop and apply ever more accurate modelling, now 9th generation in the UK
Leading to more instant lending decisions (>77%), optimising borrower access to finance and improving customer experience and conversion
While also outperforming traditional bureau scores by as much as three times, and delivering strong loan returns; demonstrating a proven platform
Delivering a competitive advantage earned from almost 15 years of SME lending
For SME borrowers
Funding Circle provides a leading-edge customer experience (Net Promoter Score of 79), from a trusted provider (Trustpilot score of 4.6), delivered through its technology, machine learning, and data science, coupled with a supportive human touch. Our Term Loans and flexible credit solutions continue to help customers access the affordable funding they need to thrive, both quickly and conveniently.
For banks, asset managers & institutional funding providers
Our platform facilitates access to an alternative asset class in an underserved market, and delivers both robust and attractive returns, as well as reduced cost of funding for leveraged investments. Established in 2010, Funding Circle is the UK's leading SME lending platform and hs extended over £14.6 billion of credit to over 110,000 businesses. With a total addressable market of £84 billion for Term Loans and £1.3 trillion of SME B2B payments, the opportunity is large.
Highlights
79
Customer Net Promoter Score
4.6
Trustpilot score
£14.6bn
Credit extended to date
£1.3trn
SME B2B payments market opportunity
£84bn
Term loans addressable market opportunity
Our strategy
Over the course of the last three years, we have transformed our business offering from a single product to one that enables businesses to borrow, pay later and spend. We now have deeper relationships with customers as we meet more of their needs and have increased our interaction with them from every few years to every few days.
As we continue to scale our business, our evolved strategic framework is focused on customer-centric profitable growth.
- Get to Yes — continuing credit innovation and product enhancements will enable us to get to yes for more businesses as we bring the right product to the right customer.
- Expand our audience — by targeting new segments with our newer products whilst also deepening and expanding our distribution channels.
- Scale our product offering — scaling our products and adding new features, capitalising on the significant market opportunity to drive growth and margin expansion.
- Build a seamless lifetime customer experience — delivering an exceptional experience throughout our customers’ journey as their trusted financial partner.
ESG
Environmental, social and governance (“ESG”) and sustainability are being further embedded into the core of our business. With Board level oversight and executive level ESG management incentives, our global ESG framework is being driven by efforts focused on four key areas:
- Climate change and environment;
- Diversity, equity and inclusion;
- Social impact; and
- Governance and risk management
