Funding Circle receives full FCA authorisation

24 May 2017

Funding Circle, the world’s leading direct lending platform for small businesses, has today become fully authorised by the Financial Conduct Authority.

Launched in 2010, Funding Circle allows people and organisations to lend to small businesses, offering investors attractive and stable returns whilst supporting the backbone of the British economy.

By bringing together industry leading risk management and cutting edge technology, investors have earned an average 6.5% per year(1) and £116 million of net interest over the last seven years.

The news puts Funding Circle in a position to be able to launch an Innovative Finance ISA, subject to approval by HMRC.

James Meekings, UK Managing Director and co-founder said: “Our vision is to support thousands of people across the UK to earn stable, industry leading returns by lending directly to small businesses. With more than 60,000 investors now regularly lending through Funding Circle, we are on track to becoming a mainstream investment choice for investors up and down the country.”

Funding Circle facilitates lending to small businesses from a wide range of investors including 60,000 individuals, local authorities, the UK government-owned British Business Bank, the European Investment Bank and financial institutions such as pension funds. Investors have now lent more than £2.3 billion to over 24,000 businesses.


For more information, please contact: / +44 (0) 203 667 2245

Notes to editor:

Funding Circle ( is the world’s leading direct lending platform for small businesses, matching established and creditworthy businesses who want to borrow with investors who want to lend in the UK, US and Europe. To manage risk, investors lend small amounts to hundreds of different businesses, all of whom are first assessed by an experienced credit team. Investors also have the option to access money early by selling loan parts to other investors on Funding Circle’s secondary market.

Since launching in 2010, investors at Funding Circle – including 60,000 individuals, local and national government, the European Investment Bank and financial institutions, have lent more than £2.9 billion ($3.7 billion) to 30,000 businesses globally. Funding Circle has raised £250m in equity capital from the same investors that backed Facebook, Twitter and Airbnb.


(1) This is the weighted average return across all investors lending for one year or more through Funding Circle over an annualised period. It includes all earnings and is calculated after fees and bad debt but before tax. Data is correct as of 1st April 2017.

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