Summary from our September investor evening
On Thursday 17th September we welcomed 60 investors to our office in London, to talk about the decision to move to fixed interest rates for new loans. We filmed the whole event, so those unable to attend could hear what was discussed.
Since announcing our intention to make this change we’ve received a great deal of feedback, so thank you to all of you for taking the time to give us your thoughts. We have answered some of your key questions on the blog, and used these questions as the focus for the evening.
We’ve put together a 5 minute highlight videos below of the key points discussed. You’ll hear from co-founders Samir Desai, James Meekings and Andrew Mullinger, and from Tom Eilon who works on special projects.
You can watch the whole event in the video below. The team answered questions throughout the evening rather than having a Q&A section at the end and the key points have been noted below. Unfortunately the sound was not good during the first 5 minutes, but levels out after. The whole filmed event lasted for appox. 2 hours.
Key moments can be found at the following times:
0 – 0.05 hours Introduction
0:05 – 0.12 hours Why we’re moving from an auction model
0:12 – 0.22 hours Answers to some of the most popular questions we’ve received.
These include, “How is Funding Circle different to a bank?”, “How will the rates be set?”, “How can you manage loans filling quickly?” and “ What about secondary market liquidity?”
0:22 – 0:25 How are rates set and what returns can investors expect?
0:37 – 0:40 Diversification
0:40 Lending to small businesses in the US
0:46 and 0:58 – 1:00 Autobid
0:49 – 0:57 What will happen to the Q&A with borrowers?
1:00 – 1:04 How are we attracting more businesses to Funding Circle?
1:04 – 1.15 Risk management and loan performance
1.26 – 1.29 Looking ahead
We will post a roundup of our first week with fixed interest rates in the coming days, and hope you enjoy the video.
If you have any questions about fixed interest rates, please get in touch and we’ll be happy to help or you can join us on the forum.
The Funding Circle team