Traditional finance continues to underserve small businesses
Small business lending is a small part of banks’ overall balance sheets. The majority of banks’ lending is focused on other areas of priority such as mortgages, consumer lending and large-scale commercial lending.
Executing a successful small business lending strategy is challenging. Data is generally harder to obtain and less detailed than in corporate and consumer lending.
Additionally, small business lending often falls between the retail and commercial divisions of banks. This has resulted in small businesses being neglected and receiving a suboptimal experience for some time.
Funding Circle emerged in 2010 with an aim to build a better financial world
I'm very excited for everything we have in store. All the steps we've taken since partnering with Funding Circle have been a success.
Willie Powells, Founder of the Law Offices of Willie D. Powells and Associates, PLLC
Funding Circle launched in 2010 to provide small businesses with fast, competitively priced access to finance, and investors with attractive returns. Today we are a leading global platform for small business loans operating in the UK, USA, Germany and the Netherlands.
We have developed a highly efficient and effective platform that enables small businesses to access finance directly from investors, creating opportunities for both. We use cutting-edge technology, proprietary credit models and sophisticated data analytics to create an attractive and convenient proposition for both borrowers and investors.
We invest heavily in our technology, data and analytics to drive a better customer experience. Our modern approach to technology, data and analytics means we aren’t burdened by the costs and challenges related to legacy systems.
Our value proposition to both borrowers and investors, supported by our credit and risk management expertise and single focus on helping small businesses, has led to high customer satisfaction rates.
We believe that as we get bigger and help more small businesses access the finance they need to grow, we will create a stronger platform with increased competitive advantage. We believe this creates a virtuous circle that will enable us to continue to help thousands of small businesses around the world and drive market share.
We believe in those made to do more
Business owners and investors share a common thread. They’re forward thinkers. They’re determined. They stand up to make a difference and work hard to make it happen.
The same thread runs through everyone at Funding Circle. It’s a shared mission that inspires us - to help build a better financial world.