Highlights from 2014

As 2014 draws to a close, we wanted to take a moment to share with you some of the highlights from this year. And what a year it’s been.

Together, you’ve now helped over 7,000 businesses access finance, in excess of $800 million across both the US and the UK. Many of these businesses are going on to do some fantastic things, and we hope you enjoy reading some of their stories.

We teamed up with our colleagues over in the US and put together this short video. You’ll meet members of the Funding Circle team, watch some of our favourite borrowers from the year, and hopefully get a sense of what you’re helping to build. From cinemas in Florida, to manufacturers in Reading, we’re showing businesses there’s a better way to access finance.

Jack Pritchett

Senior Communications Manager

 

4 thoughts on “Highlights from 2014

  1. I am posting here as all I get when I try on the FC forum is errors of one sort or another.

    As a lender, look at the statistics page and view the statistics for the last 5 loans, versus last 50 / 100 loans. There is a MARKED trend towards a single loan rate. All loan rates are tumbling towards the lowest set my FC.

    Can someone at FC please explain what is happening? Is this a sign that we will soon no longer have worthwhile auctions, just a series of ‘bot’ using lenders who get in first?

    The trend will push out your smaller lenders and the platform will become another tool in the corporate lending toolbox.

    This is a very recent trend that perhaps no one at FC has noticed.

    • Hi Len, thanks for getting in touch. Rates on the marketplace depend on the supply of investor money and demand for business loans from borrowers, and this can be affected by seasonality such as Christmas. We’ve got a healthy pipeline of loans which will come onto the marketplace over the coming days and weeks, which will balance the marketplace for both investors and borrowers.

      On average we list about 100 loans per week so looking at the last 50 or 100 loans will provide you with a more accurate trend.

      Hope that’s helpful, but please get in touch with any further questions.

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