Last month marked several key milestones including the renewal of our institutional funding agreement for FlexiPay, the launch of our new broker portal, and the publication of our Annual Report and Impact Report which together provide a comprehensive view of our financial performance and the vital role we play in the UK economy.
FlexiPay funding agreement renewed and upsized
We have successfully renewed and upsized our long-standing funding facility to support the continued growth of FlexiPay, our line of credit product. The renewal is a testament to the quality of our platform and commitment to providing innovative financial products to UK SMEs. As reported at our FY results, FlexiPay transactions grew 66% to £815 million during 2025. This business unit had assets under management of £206 million (representing 7% of our assets under management) at 31 December 2025.
Strategic leadership: Tim Trailor appointed MD of Cards
We were pleased to welcome Tim Trailor as Managing Director of Cards last month. He joins the leadership team to spearhead the continued growth and innovation of our credit card solutions for SMEs. Tim has a track record in scaling high-growth lending products alongside deep expertise in cards. He was previously Chief Risk Officer at Envisso, and has held roles at Capital on Tap, Monzo Bank, Klarna and Capital One.
Product innovation: new broker portal launched
In April, we launched a new broker portal. This provides brokers with direct, real-time access to application progress, and was designed to simplify daily workflows for brokers and reduce time to serve SMEs. The upgraded portal was developed following extensive broker research and has received positive feedback since launch.
Fuelling UK growth: £7.9 billion contributed to GDP
Our latest economic impact data shows that Funding Circle’s lending in 2025 contributed £7.9 billion to UK GDP and supported 117,000 jobs. Every £1 million of credit extended generated £2.7 million in UK GDP and supported 39 jobs. The research also underscores the vital role of alternative finance in driving regional equality. In 2025, Funding Circle provided loans to SMEs in every single parliamentary constituency in the UK, averaging £2.0 million per constituency.
Lisa Jacobs at IFGS 2026: Advocating for a ‘fintech first’ mindset
The Innovate Finance Global Summit is an annual fintech conference in London, serving as the flagship event of UK FinTech Week and bringing together fintech leaders, investors, regulators, and government officials to discuss the future of financial services, technology trends, and policy. Speaking at the Summit last month, our CEO Lisa Jacobs highlighted that fintechs are now mainstream with 68% of SME lending originating from fintechs and challengers, marking a shift in the financial landscape for SMEs. To make the UK the best place to start, grow and scale fintechs, Lisa reinforced the need for collective focus on continued capital inflows for ambitious firms, policy that prioritises a "fintech-first" mindset, and regulation that keeps pace with the speed of innovation, noting that we’re seeing good progress on all these fronts.
2025 Annual Report and Accounts published
We have released our 2025 Annual Report, which outlines a year of performance that exceeded expectations, supporting more small businesses than ever before, growing profit before tax significantly and achieving our medium-term revenue target of more than £200 million a year ahead of schedule.
Five Circlers named in 2025 Women in FinTech Powerlist
We are pleased to announce that five of our Circlers were recognised in the 2025 Women in FinTech Powerlist for their work in elevating the fintech and financial services ecosystem in the UK and globally - driving positive change, fostering innovation and promoting diversity. This was the highest number of awards received by all the companies featured, with CEO Lisa Jacobs included in the Hall of Fame, and Jennie Woods (VP, Engineering) and Sarah O’Grady (Engineer) in the Standout 45.
Borrower Spotlight: Radu Istocescu, founder of Mellie
Earlier this year, Lisa Jacobs our CEO met Radu, the founder of Mellie, a Canterbury-based business selling weighted blankets and eye masks. Operating exclusively through Amazon, Radu has shown impressive resilience in building his brand, navigating the complexities of overseas manufacturing and international logistics. To manage high stock volumes and maintain steady cash flow, Radu applied for FlexiPay, which he credits with giving him the access to capital needed to grow. Despite the challenges of the current macro environment, his grit and optimism remain strong. Radu’s experience highlights the real-world impact of our products, helping ambitious entrepreneurs turn their passion into an e-commerce reality.
We hope you found this newsletter useful, and we’re also attaching the latest copy of our Funding Circle factsheet for your reference. We would welcome any feedback and please do get in touch if you have any questions.
Find out more at: https://corporate.fundingcircle.com
You can contact us at: ir@fundingcircle.com