Funding Circle bolsters Board with appointment of Cath Keers
10 May 2018
Funding Circle, the global small business loans platform, today announced the appointment of Cath Keers as a non-executive board member.
- Cath Keers will join leading global small business loans platform
- Total loans facilitated through Funding Circle’s platform have now surpassed £4.5 billion globally, supporting more than 45,000 businesses in the UK, US and Europe
Keers has over three decades of professional and leadership experience within the retail, consumer, digital, and technology sectors. She currently serves as a Non-Executive Director for Sage Group and TalkTalk.
Cath is also Chairman of ustwo which provides digital products and services to clients such DeepMind and Jaguar Land Rover. Previous roles include being a main board director at O2, and non-executive director at Royal Mail, LV= and Home Retail Group. She has extensive commercial experience, including marketing and business development at Sky TV, Avon and Next; marketing director and customer director at O2 and chairman of Tesco Mobile, O2’s joint venture with the supermarket Tesco.
Cath Keers said: “Funding Circle is changing how the world’s small businesses access finance, and the impact it’s had on the economy and job creation over the past eight years is inspiring. I am impressed by the management team’s depth of insight and experience. I share the team’s commitment to delivering the best results for customers, and the company’s high levels of repeat business demonstrate that both investors and borrowers also recognise this passion.”
Today’s news comes as lending through the Funding Circle platform surpasses £4.5 billion, including more than £2 billion in loans under management globally, and over $1 billion of loans facilitated through Funding Circle’s platform to date in the US. The company is the leading small business loans platform in the UK, US, Germany and the Netherlands.
Samir Desai, CEO and co-founder of Funding Circle, said: “Our vision at Funding Circle is to rewire the financial landscape in order to give small businesses and investors a better deal. Cath’s experience and knowledge will be invaluable as we continue to work towards fulfilling this vision and building a category-defining global company. I am delighted to welcome Cath to the team.”
Launched in 2010, the Funding Circle model has opened up small business lending to a wide range of investors, including more than 70,000 retail investors, banks, asset management companies, insurance companies, government-backed entities and funds across Funding Circle’s geographies. Through its platform, Funding Circle is contributing to the growth of the small business lending market and expanding access to financing at competitive and transparent pricing.
Funding Circle provides borrowers with fast and flexible financing through a simple online application, allowing small businesses to access the capital they need in days rather than months.
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About Funding Circle
Funding Circle (www.fundingcircle.com) is the leading small business loans platform in the UK, US, Germany and the Netherlands, matching small businesses who want to borrow with investors who want to lend. Since launching in 2010, investors at Funding Circle – including more than 70,000 retail investors, banks, asset management companies, insurance companies, government-backed entities and funds – have lent more than £4.5 billion to 45,000 businesses. It has raised £250 million in equity capital from the same investors that backed Facebook, Twitter and Airbnb.