We’ve launched in Europe! | Weekly Lending Review

Week 43: 19 – 23 October 2015

We’re excited to announce that Funding Circle has expanded into Germany, Spain and the Netherlands to help millions of businesses across Europe access finance. You can read about the news here or watch this short video.

We’re excited to help more businesses access finance, although due to regulatory differences in each country, lending for UK investors is currently restricted to UK businesses.

New loans available to you

There are currently 30 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £11,709,360 averaging at £73,656 per loan. The largest loan value was £460,000 and the smallest loan value was £5,000.

Business loans available to bid on:

Loan parts available for you to buy:

Your actual return may be higher or lower as by lending to businesses, your capital is at risk.

Weekly marketplace trends

These graphs show the most recent activity on the marketplace. The dates on the graph should be read as ‘week beginning’, for example: 19-Oct represents the week of 19th – 23rd October 2015.

The average gross yield graph is reported weekly and shows a rolling two week average of gross yields. This calculation assumes you reinvest your interest each month and therefore includes the compound interest you earn (The calculation is AGY = (1 + (two week rolling weighted average rate/12))^12 – 1). You can view the latest gross interest rates accepted on the marketplace on our statistics page.

Weekly average gross yield (2 weeks rolling)

Yield WLR 43

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

Loans listed WLR 43
Listed loan value per week

Loan value WLR 43

Total amount lent

Amount lent WLR 43

Loan parts available to buy from other investors

Loan parts WLR 43

News you should know

Updates to how Autobid works

Over the coming weeks we will make a change to how Autobid works, helping to provide more time for those who want to research a business before placing a bid. No action is needed if you are a current Autobid user.

Going forward, Autobid will fund up to 50% of the available loan after a loan is listed, and if the loan does not reach 100% within the first 2 days the Autobid cap will be removed completely.

Things we’re talking about

We’re on-hand to talk about the move to fixed rates on the forum. You can join the conversation here.

Loans defaulted last week

Ground source heating supplier. Loan 5535. Risk band C

This Stafford business has been running since 2007 and is likely to enter a formal insolvency process in the coming weeks.

Aerospace specialists. Loan 10159. Risk band A

This Monmouthshire business was established in 2006 and has ceased trading.

Engineering consultancy. Loan 4478. Risk band A+

This Cumbria business has been running since 2004 and is consulting a debt charity.

Project management company. Loan 11517. Risk band C

This Country Durham business was established in 2003 and has been unable to make repayments since June.

Legal practice. Loan 5940.  Risk band A

This Devon business has been running since 2009 and has been unable to repay the agreed three-month payment plan.

Our collections and recoveries team are working to recover the outstanding amounts for all of these loans and they will provide you with updates in the loan comments section on your summary page. Read more about how our collections and recoveries process works on our blog.

Enjoy lending, The Funding Circle Team

Rob McCorquodale


2 thoughts on “We’ve launched in Europe! | Weekly Lending Review

  1. A whole two days before Autobid is turned loose – wow. My experience is that most investors take more than two days to reply, so change to Autobid is meaningless in most cases.

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