15 April 2025
Funding Circle, the UK’s leading SME finance platform, is proud to announce the extension of its partnership with Bayview Asset Management, LLC for its Term Lending product, across two different credit facilities with J.P. Morgan and Citi.
London, 15 April 2025 – Funding Circle, the UK’s leading SME finance platform, is proud to announce the extension of its partnership with Bayview Asset Management, LLC for its Term Lending product, across two different credit facilities with J.P. Morgan and Citi. This continued collaboration with Bayview underscores a unified and ongoing commitment to the growth of small businesses across the UK, and emphasises the consistent and robust returns Funding Circle offers its institutional Investors.
Bayview, J.P. Morgan and Citi have provided significant financing that Funding Circle has deployed towards its loan offerings. These renewed arrangements will take the total funding provided by Bayview via Funding Circle to over £1 billion, enabling thousands of SMEs across the UK to access the vital financing needed to invest, expand, and create jobs.
Combined with a transformative 2024 for Funding Circle - marked by a return to profitability and a 23% revenue increase - this significant partnership renewal with Bayview highlights strong and continuing investor demand.
This strength reflects both the company’s ability to create effective and appealing investment structures and the consistent, robust performance and returns we deliver.
Dipesh Mehta, Chief Capital Officer at Funding Circle said:
Our long-standing relationship with Bayview, combined with credit facilities from Citi and J.P. Morgan, has been instrumental in our ability to provide accessible and efficient funding solutions to small businesses. Renewing this partnership is a testament to the strength of our shared commitment to supporting this vital sector of the economy and Funding Circle’s ability to satisfy institutional investor requirements.
Carlos Prevolis, Managing Director and Head of Loan Investment Business at Bayview added:
We are pleased to continue our established funding partnership with Funding Circle, who deliver effective funding solutions that drive the growth of small businesses in the UK. Our collaboration reflects a shared commitment to powering this vital sector and the communities in which they reside.
George Deves, Co-Head of Northern Europe ABS at J.P. Morgan commented:
Small businesses are the backbone of the economy, and we are proud to provide them with the capital they need to thrive via our partnership with Funding Circle. This renewal signifies our joint commitment and confidence in this important segment.
This renewed facility will enable Funding Circle to further expand its reach and continue providing tailored term loan solutions to a diverse range of SMEs, empowering them to achieve their business goals.
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Media contact:
Leigh Rimmer
Head of Corporate Affairs
press@fundingcircle.com
+44 20 3830 1325
About Funding Circle
Funding Circle (LSE: FCH) is the UK’s leading SME finance platform. Established in the UK in 2010, Funding Circle has extended more than £14.6bn in credit to over 110,000 businesses in the UK.
For SME borrowers, Funding Circle provides an unrivalled customer experience, delivered through its technology and data, coupled with a human touch. Its solutions continue to help customers access the funding they need to succeed. For institutional investors, Funding Circle provides access to an alternative asset class in an underserved market, and delivers robust and attractive returns.
About Bayview
Bayview Asset Management, LLC is an investment management firm, with $20.2 billion in assets under management as of December 31, 2024, focused on investments in mortgage and consumer credit, including whole loans, asset backed securities, mortgage servicing rights, and other credit-related assets.
About J.P. Morgan’s Commercial & Investment Bank
J.P. Morgan’s Commercial & Investment Bank is a global leader in banking, payments, markets and securities services. Start-ups, companies, governments and institutions entrust us with their business in more than 100 countries worldwide. With $35.7 trillion of assets under custody and $1.03 trillion in deposits, the Commercial & Investment Bank provides strategic advice, raises capital, manages risk, offers payment solutions, safeguards assets and extends liquidity in global markets. Further information about J.P. Morgan is available at www.jpmorgan.com.
