Press releases
4 July 2019
Funding Circle launches its first European private debt fund
Funding Circle Holdings plc (“Funding Circle”), the leading small business loans platform in the UK, US, Germany and the Netherlands, announces the launch of its first direct lending private fund focused on German and Dutch small businesses. The Funding Circle European SME Direct Lending Fund I (“European SME Fund”) provides institutional investors including pension funds and insurance companies the opportunity to invest in a highly diversified portfolio of small to mid-sized SME loans while supporting the growth of small businesses in Germany and the Netherlands.
3 July 2019
Fourth securitisation of Funding Circle loans unveiled
- The £232m transaction is the fourth and largest ever securitisation facilitated through the Funding Circle platform - Today’s announcement comes three months after the last securitisation of Funding Circle loans, bringing the total amount of loans securitised to £755m
2 July 2019
Update to H1 & FY 2019 Outlook
Funding Circle Holdings plc (“Funding Circle” or the “Company”), the leading small and medium enterprise (“SME”) loans platform in the UK, US, Germany and the Netherlands, is today providing an update to its Outlook for 2019, as well as H1 2019 financial results and updates to its statistics pages for the three months ending 30 June 2019 (the “Quarter”).
26 June 2019
Funding Circle and Avida Finans AB announce EUR 50 million partnership to fund loans to German and Dutch small businesses
• The investment agreement facilitates an initial EUR 50 million in small business loans over the first nine months. • Funding Circle further diversifies its funding base with its first partnership with a Nordic financial institution. • Avida will expand its leading corporate lending business into new markets.
24 June 2019
Funding Circle and Merseyside Pension Fund launch UK Economic Impact Fund to back British small businesses
Funding Circle, the UK’s leading small business loans platform, today announced the launch of a new private direct lending fund which allows institutional investors to back small businesses and the UK economy.
17 June 2019
Leading stars including Natalie Dormer, Richard E Grant, Felicity Jones, Michael Palin and Twiggy raise awareness of ‘Just A Book’ – an initiative from Just A Card and Funding Circle supporting small businesses.
DOMINIC COOPER • NATALIE DORMER • NATHALIE EMMANUEL • CHARLOTTE GAINSBOURG • RICHARD E GRANT • FELICITY JONES • HANIF KUREISHI • ALEX LANIPEKUN • HAYLEY MILLS • JAMES NORTON • DAVID OAKES • MICHAEL PALIN • BRUCE ROBINSON • GRETA SCACCHI • TWIGGY
30 April 2019
Banks give small businesses the cold shoulder a decade after financial crisis
A new report published today by Oxford Economics has found that a decade after the financial crisis, bank lending to small businesses has failed to recover significantly.
18 April 2019
Q1 2019 Update
Funding Circle Holdings plc (“Funding Circle” or the “Company”), the leading small and medium enterprise (“SME”) loans platform in the UK, US, Germany and the Netherlands, today announces updates to its statistics pages for the three months ending 31 March 2019 (the “Quarter”) and selected highlights from the Quarter.
17 April 2019
Investment Plan: EIB lends €100 million to small businesses through Funding Circle platform
2 April 2019
Funding Circle and Pollen Street facilitate further securitisation with SBOLT 2019-1
Pollen Street Capital, the equity sponsor of SBOLT 2018-1, is returning to the market with SBOLT 2019-1, a securitisation of UK loans originated by Funding Circle, the leading small business loans platform in the UK, US, Germany and the Netherlands.
7 March 2019
Funding Circle Announces Expansion to Canada
Funding Circle, the leading small business loans platform in the UK, US, Germany and the Netherlands, today announced its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small businesses.
7 March 2019
Full Year 2018 Results
Funding Circle Holdings plc (“Funding Circle” or the “Company”), the leading small and medium enterprise (“SME”) loans platform in the UK, US, Germany and the Netherlands, today announces results for the year ended 31 December 2018 (“2018”).
17 January 2019
Q4 2018 Update
Funding Circle Holdings plc (“Funding Circle” or the “Company”), the leading small and medium enterprise (“SME”) loans platform in the UK, US, Germany and the Netherlands, today announces updates to its statistics pages for the three months ending 31 December 2018 (the “Quarter”) and selected highlights from the quarter.
7 December 2018
Waterfall Asset Management to fund £1 billion of SME loans through Funding Circle platform
Funding Circle Holdings plc (“Funding Circle”), the leading small business loans platform in the UK, US, Germany and the Netherlands(1), announces that Funding Circle UK and Waterfall Asset Management, LLC (“Waterfall”), a leading institutional asset manager focused on structured credit, have entered into a strategic partnership to support the growth of UK small businesses. Under the terms of the agreement, Waterfall will invest in £1 billion of loans originated through Funding Circle’s UK platform over a two-year period. Waterfall’s investment will be partially financed by Deutsche Bank.
28 November 2018
British Business Bank announces new commitment through Funding Circle to increase UK small business lending
The British Business Bank today announces a commitment of up to £150 million for lending to UK small businesses through Funding Circle.
31 October 2018
Funding Circle and small business campaigner Just A Card join forces to back independent shops this Christmas
Funding Circle, the UK’s leading small business loans platform, and Just A Card, the grassroots campaign run by artists, makers, and small business owners, are today announcing their partnership to help independent retailers increase sales.
3 September 2018
Funding Circle Announces Intention to Publish a Registration Document and Potential Intention to Float
Funding Circle, the leading small business loans platform in the UK, US, Germany and the Netherlands, announces that it intends to publish today a Registration Document and is considering proceeding with an initial public offering on the London Stock Exchange’s main market.
30 July 2018
Majority of small businesses would vote ‘remain’ in a referendum today
As the UK prepares to leave the European Union (EU), an absolute majority (56%) of small businesses have said they would vote to remain in the EU if a referendum was held today, according to a survey* carried out by Funding Circle, the UK’s leading small business loans platform.
13 June 2018
Lending through Funding Circle unlocked 45,000 British jobs in 2017
Launched in 2010, Funding Circle facilitates lending from a wide range of investors to small businesses in the UK, US, Germany and the Netherlands. In 2017, investors lent £1.7 billion through the platform to small businesses across all four markets, contributing £4 billion to the global economy (measured in Gross Value Added), unlocking 75,000 jobs. For every £1 lent through the platform, an additional £2 was contributed to GDP across these four countries.
10 May 2018
Funding Circle bolsters Board with appointment of Cath Keers
Funding Circle, the global small business loans platform, today announced the appointment of Cath Keers as a non-executive board member.
3 May 2018
European Investment Fund and German development bank, KfW, invest in UK small businesses through securitisation of loans originated by Funding Circle
The European Investment Fund, part of the European Investment Bank Group, and KfW, the German Promotional Bank, are supporting UK small businesses through their investment in a securitisation of loans originated by Funding Circle, the world’s leading lending platform for small businesses.
18 April 2018
Funding Circle opens ISA to new investors
Funding Circle, the world’s leading small business lending platform, has today opened its Innovative Finance ISA to new investors. The Funding Circle ISA offers a tax-free market-leading(1) projected return of 7.2% per year.(2)
7 December 2017
Funding Circle passes $5 billion lent globally, including $1 billion lent to US businesses
Funding Circle, the world’s leading lending platform for small businesses, today announced that investors have lent more than $5 billion globally to small businesses through the Funding Circle platform. This has supported a network of 40,000 businesses across the UK, USA, Germany and the Netherlands and helped to create more than 100,000 new jobs.
22 November 2017
Small businesses back European Free Trade Agreement as support for Labour grows
As the UK prepares to leave the European Union, more than half (57%) of small business owners say they are supportive of joining the European Free Trade Agreement (EFTA), according to a survey(1) carried out by Funding Circle, the UK’s largest direct lending platform.
27 September 2017
Funding Circle Holdings Limited FY 16 results
Funding Circle Holdings Limited, the world’s leading lending platform for small businesses, announces its FY results for the year ended 31 December 2016.
17 August 2017
Aegon and Funding Circle announce strategic partnership to support growth of UK small businesses
Today Aegon and Funding Circle announced a strategic long term partnership to support the growth of UK small businesses. Aegon will invest in loans to UK small businesses originated through Funding Circle, the world’s leading lending platform for small businesses.
7 August 2017
Small importers say cost hike looms as a result of Brexit
More than two-thirds (69%) of small businesses that import goods and services expect costs to increase when Britain leaves the European Union.
3 July 2017
Funding Circle announces appointment of Sean Glithero as Chief Financial Officer
Funding Circle, the world’s leading lending platform for small businesses, today announces that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses across the UK, US, Germany and the Netherlands, with the UK business profitable.
24 May 2017
Funding Circle receives full FCA authorisation
Funding Circle, the world’s leading direct lending platform for small businesses, has today become fully authorised by the Financial Conduct Authority.
2 May 2017
Small business owners to back Conservative Party in June
Small businesses are three times more likely to vote Conservative over Labour in the upcoming General Election, according to one of the largest small business surveys* carried out by Funding Circle, the leading direct lending platform for small business finance.
12 January 2017
Funding Circle announces $100 million equity investment to help thousands more small businesses globally
Funding Circle, the world’s leading lending platform focused exclusively on small business finance, today announces it has raised a further £82 million ($100 million) in equity capital. Led by Accel, the round saw participation from existing Funding Circle investors, including Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures.
5 January 2017
British Business Bank expands partnership with Funding Circle
British Business Bank Investments Ltd, the commercial arm of the government-owned British Business Bank, will today begin lending a further £40m to UK small businesses through the direct lending platform, Funding Circle.
9 September 2016
Funding Circle announces appointment of former Lloyds Banking Group CEO as new board member
Funding Circle, the world’s leading lending platform for business loans, today announced that Eric Daniels, former Chief Executive of Lloyds Banking Group will join the Funding Circle Board as a Non-Executive Director. Daniels joins with immediate effect and brings with him more than 40 years’ experience in global banking and financial services.
11 August 2016
Small business loans through Funding Circle boost UK economy by £2.7 billion
Research published today by the Centre for Economics and Business Research (CEBR) revealed that small business loans facilitated by Funding Circle, the UK’s leading direct lending platform, have boosted the UK economy by £2.7 billion since 2010.
21 June 2016
European Investment Bank and Funding Circle announce groundbreaking £100 million investment into UK small businesses
The European Investment Bank today agreed a £100 million investment in loans to UK small businesses originated through Funding Circle, the world’s leading marketplace for business loans. This investment, alongside ₤25 million from the Funding Circle SME Income Fund, will enable over £200 million of new loans over seven years, and provides a further injection of much-needed funding into the UK small business sector.
29 April 2016
European Investment Fund and German development bank, KfW, invest in first securitisation of marketplace loans in Europe
George Passaris, Head of Securitisation at the European Investment Fund said: “Small businesses across the UK will benefit from the European Investment Fund’s significant new support for Funding Circle, one of the UK’s largest peer-to-peer platforms. The EIF is pleased to work alongside KfW on the first securitisation transaction in Europe to support alternative financing of SME’s that will help Funding Circle provide more loans to small and medium-sized businesses. This new engagement demonstrates the European Investment Fund’s firm commitment to help companies across Europe and across the UK to expand, create jobs and explore new opportunities.”
29 December 2015
Investors pass £1 billion lending milestone to small businesses through Funding Circle
Investors at Funding Circle, the world’s leading marketplace for business loans, have reached a major milestone having lent more than £1 billion directly to small businesses in the UK.
20 October 2015
Funding Circle launches across Europe with deal for Rocket Internet-backed Zencap
Funding Circle, the world’s leading online marketplace for business loans, today announced it has joined forces with Zencap, to create the first truly global marketplace lending platform. The deal sees Funding Circle expand into Germany, Spain and the Netherlands, alongside its existing operations in the UK and US.
22 July 2015
Funding Circle bolsters global risk and analytics teams with appointments of former Barclays and Amex execs
Funding Circle, the world’s leading marketplace for small business loans, has bolstered its global risk and analytics team today and announced record growth in both the UK and US.
23 April 2015
Funding Circle announces $150 million investment to fuel growth
Funding Circle, the world’s leading online marketplace for business lending, today announces it has raised $150 million (~£100 million) in equity capital, in a round led by DST Global, with participation from Baillie Gifford, a fund managed by BlackRock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent for the oversubscribed round. The new funding will be used to consolidate the UK and US markets and fuel further growth.
19 February 2015
Victory Park Capital partners with Funding Circle to support thousands of small businesses in UK and US
US / UK, 19 February 2015 – Funding Circle, the world’s leading online marketplace for small business loans, today announces that Victory Park Capital, an asset management firm based in the US and an active lender to UK and European companies, will finance up to $420 million in loans to small businesses originated through Funding Circle both in the UK and US over the next three years.
30 January 2015
Small businesses access half a billion pounds via Funding Circle
In just four and a half years, more than 7,000 businesses have accessed half a billion pounds of finance via Funding Circle, the leading marketplace for business loans. Almost £100 million of this was lent in the last quarter of 2014 alone.
3 December 2014
Funding Circle announces groundbreaking £132 million investment into British small businesses
Funding Circle, the world’s leading marketplace for business loans, today announced that a private fund managed by KLS Diversified Asset Management has agreed to invest £132 million in loans to small businesses originated through Funding Circle, providing a further injection of much needed funding into the British small business sector.
17 July 2014
Funding Circle announces $65 million investment to fuel international growth of marketplace lending; Robert K. Steel joins the board
Funding Circle, the world’s leading online marketplace for business lending which has lent more than half a billion dollars to over 5,000 businesses, today announced it has raised $65 million in a Series D funding round led by Index Ventures with participation from existing investors, Accel Partners, Union Square Ventures and Ribbit Capital. The new funding will be used to continue to fuel the company’s rapid global growth, expand product ranges and explore new international markets.
30 June 2014
Glasgow Chamber first in UK to partner with Funding Circle
Glasgow has become the first UK Chamber of Commerce to form a partnership with peer–to-peer lending platform, Funding Circle, through a joint venture with Glasgow City Council.
26 June 2014
Funding Circle passes £300 million mark; lending £100 million in six months
Today, British investors have reached a major milestone having lent more than £300 million to UK businesses through Funding Circle in just under four years.
18 June 2014
Funding Circle and Santander announce pioneering partnership to support thousands of UK businesses
Funding Circle and Santander UK today launched the first partnership between a UK bank and an online alternative finance provider to give thousands of small British businesses greater access to finance.
29 May 2014
Funding Circle responds to Funding for Lending figures
Following the fall in lending to small businesses via the Funding for Lending scheme in Q1, James Meekings, co-founder of Funding Circle, commented:
19 May 2014
Gloucestershire County Council-backed scheme injects £1.1m into local economy
More than £1.1 million has been invested into Gloucestershire’s small and medium-sized businesses as part of a county council-backed scheme to stimulate economic growth and employment.
22 April 2014
Alternative business finance is still booming in face of fall in Bank Of England lending
Responding to today’s Trends in Lending statistics from the Bank of England, Samir Desai, CEO and co-founder of Funding Circle said:
19 March 2014
Funding Circle responds to the Budget
The Chancellor made two important announcements for peer-to-peer lending in the Budget. First, that peer-to-peer lending will be included within ISAs as part of the government’s wider ISA reform (section 1.169). And second, that a new consultation will be launched into the mandatory referral of small businesses to alternative providers from banks, where they cannot lend (section 2.234).
6 March 2014
Funding Circle responds to final FCA regulation
In response to the final peer-to-peer lending rules published today by the Financial Conduct Authority, James Meekings, co-founder of Funding Circle said:
25 February 2014
The British Business Bank announces plans to lend a further £40 million to small businesses through Funding Circle
In response to today’s announcement, Samir Desai CEO and co-founder of Funding Circle said:
21 January 2014
Alternative business finance surges amid modest rise in bank lending
As figures from the Bank of England show a fairly modest in bank lending to small businesses in the three months up to November, Funding Circle today publishes its own quarterly lending figures for the last year which show businesses are continuing to seek out alternative types of finance and are increasingly using peer-to-peer lending to access the finance they need to grow and expand.
8 January 2014
Funding Circle kicks off new year by lending £200 million to British businesses
Today, British investors have reached a major milestone having lent more than £200m to UK businesses through Funding Circle in less than three and a half years.
24 October 2013
Funding Circle launches in U.S. with $37m investment led by Accel Partners
Funding Circle, the pioneering online marketplace for business loans, today announces a groundbreaking deal to help millions of businesses across America sidestep the broken banking system and borrow directly from investors.
18 October 2013
Bank lending to small businesses down but peer-to-peer lending continues to rise
As disappointing figures from the Bank of England show that banks continue to fail small businesses across the country, Funding Circle today publishes its own quarterly lending figures for the last year which show businesses are increasingly using peer-to-peer lending to source finance.
5 May 2013
Funding Circle smashes through £100m milestone as British public and businesses seek banking alternatives
This weekend, the British public will reach a major milestone having lent more than £100m to the UK’s small businesses through Funding Circle in less than three years.
5 February 2013
University of Huddersfield to provide scholarships by investing in UK businesses through Funding Circle
The University of Huddersfield, the UK’s entrepreneurial university of the year, and Funding Circle today launched a pioneering partnership that will see the University provide scholarships to students, via investments in British businesses.
20 November 2012
Lancashire County Council to finance local business growth through Funding Circle
Lancashire County Council and Funding Circle today announced the launch of the first Local Business Lending Partnership, a pioneering scheme to stimulate local economic growth and employment through improved access to business finance.
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