From Farnborough to the Far East: did you lend to this glass fibre specialist? | Weekly Lending Review

Week 17: 18 – 22 April

For our latest case study we visited Composite Reinforcements in Hampshire, who specialise in the distribution of glass fibre and raw materials. In October 2015, business owner Bob took out a £150,000 business loan to pay a manufacturer early and take advantage of a rebate which covered the cost of the loan. Watch this short video to find out about the supply chain involved in the distribution of glass fibre and the importance of the Yangtze River in China.

New loans available to you

There are currently 34 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £16,809,540 averaging at £81,757 per loan. The largest loan value was £360,500 and the smallest loan value was £7,380.

Business loans available to bid on:

Gross interest rates are before fees and estimated bad debts. 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: 18-Apr represents the week of 18th – 22nd April.

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)

WLR 17-16 yield

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

Number of listed loans per week

WLR 17-16 loans listed

Listed loan value per week

WLR 17-16 loan value

Total amount lent

WLR 17-16 amount lent

Loan parts available to buy from other investors

WLR 17-16 loan parts

News you should know

5 tips to protect yourself online

The internet has revolutionised everyday activities such as shopping, and the way we control our finances; however, despite the many benefits the internet brings there are risks involved too – particularly around online security. We’ve put together some top tips to help you better protect your identity online and stay safe.

Don’t miss out on our spring promotion!

You’ve got just under 3 weeks to make the most of our sensational spring promotion. Increase the amount you lend to businesses by 16th May 2016, and not only can you continue to enjoy the great returns you’d expect from Funding Circle, you could also receive one of these fabulous devices listed below. Lend an additional:

£30,000+ to get an iPad Air 2*, or

£20,000+ for an iPad mini 2*, or

£10,000+ for a Kindle ereader*

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help, or read full details about how to qualify.

Loans defaulted last week

Domiciliary care specialist. Loan 3130. Risk band B

This West Sussex business was established in 2010 and will need to repay their loan in quarterly instalments.

Shoe wholesaler. Loan 1364. Risk band B

This East Sussex business has been running since 2003 and was placed into liquidation in April.

Aquatic superstore. Loan 1364. Risk band A

This Hertfordshire business was established in 1991 and has ceased trading.

Marketing agency. Loan 14741. Risk band C

This Manchester business has been running since 2009 and was placed into liquidation in April.

Restaurant. Loan 15777. Risk band D

This Yorkshire business was established in 2004 and is being placed into liquidation.

Employment agency. Loan 14485. Risk band A

This Essex business has been running since 2003 and is entering into a Company Voluntary Arrangement.

Joinery specialist. Loan 12197. Risk band C

This Northamptonshire business was established in 2010 and is being placed into liquidation.

Construction business. Loan 17324. Risk band A

This Kent business has been running since 2013 and is two months in arrears.

Convenience store. Loan 16545. Risk band C

This Kent business was established in 2013 and has become unresponsive after missing repayments.

Renewable energy specialist. Loan 19277. Risk band B

This Devon business has been running since 2010 and is being placed into liquidation.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above and they will provide you with updates in the loan comments section on your summary page. Read how our collections and recoveries process works (part one and part two) on our blog.

Enjoy lending, the Funding Circle team

*Terms and conditions apply. Apple and Amazon are not a participants in or sponsors of this promotion.

Five tips to protect yourself online

The internet has revolutionised everyday activities such as shopping, communications, and the way we control our finances; however, despite the many benefits the internet brings there are risks involved too – particularly around online security.

Here at Funding Circle we care about investors and borrowers staying safe online and wanted to provide a few pointers to help you better protect your identity online and stay safe.

1. Keep your password secure.

  • It’s important not to use the same password on multiple websites, especially those used for personal finance, such as Funding Circle. For example, if you used the same password for your email and Funding Circle accounts and your email account were to be compromised, an attacker may also be able to access your Funding Circle account (especially if they know the answers to your security questions).
  • Try to use at least 8 characters, including a minimum of one capital letter and symbol. The more complex the better, a random string of characters will be much harder for a potential attacker to crack.
  • Change your passwords regularly, at least every six months. If you think your password may have been compromised, contact us right away.

2. Keep your security protection up to date.

  • Ensure you have installed the latest security updates for your computer, that you have reputable anti-virus software installed and running, and that your firewall is enabled on your devices.

3. Be careful with your personal information.

  • Be wary when using social networks – they are fantastic tools to communicate with friends and family, but over sharing can provide easy access to your personal information.
  • Do not write down your username or password on a piece of paper, if you need help remembering your complex passwords, there are many reputable password manager tools available.

4. Beware of social engineering.

  • Even with up to date anti-virus software, potential attackers could gain access to your data by influencing you to willingly hand over personal information. You should never give your password or sensitive information to anyone over the phone, even if they claim to be from a trusted source.
  • Phishing – or the art of obtaining information using fake emails or websites, is common practice. If something sounds too good to be true, it usually is. You can test your skill at spotting a potential scam with this online test.

5. Protect your Wi-Fi network.

  • When out and about, be careful of public wi-fi offered on trains, hotels and shopping centres. Never conduct any financial transactions on a network that you do not completely trust.
  • Unprotected wi-fi networks are an easy way to access information stored on your network. Ensuring your home router has a unique, complex password is a must.

We hope this has been helpful, and there is plenty of further information available online to help keep you or your business secure. If you have any further queries, please don’t hesitate to get in touch.

Thanks,

The Funding Circle Team

Investing in the Funding Circle SME Income Fund | Weekly Lending Review

Week 16: 11 -15 April

The Funding Circle SME Income Fund, which launched in November 2015, gives shareholders access to a diverse range of loans across the Funding Circle marketplace in the UK, USA, Germany, Spain and the Netherlands. Find out more about the Fund and how it works.

New loans available to you

There are currently 39 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £11,048,580 averaging at £87,135 per loan. The largest loan value was £549,440 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and estimated bad debts. 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: 11-Apr represents the week of 11th – 15th April.

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)

WLR 16-16 Yield

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

Number of listed loans per week

WLR 16-16 loans listed

Listed loan value per week

WLR 16-16 loan value

Total amount lent

WLR 16-16 amount lent

Loan parts available to buy from other investors

WLR 16-16 loan parts

Website issues this week

Apologies for any inconvenience caused by the website issues this week, these issues have now been resolved but do get in touch if you have encounter any problems.

News you should know

This week we took part in a TechSprint organised by the regulator, the Financial Conduct Authority. The event saw tech teams from a range of companies, from KMPG to Lloyds Banking Group, VISA and the Post Office, collaborate to look at the issues surrounding financial inclusion and build a prototype product. It was great to be involved in such a truly innovative event and we were very pleased to be awarded ‘Best Tech.’

Don’t miss out on our spring promotion!

You’ve got just over 3 weeks to make the most of our spring promotion. Increase the amount you lend to businesses by 16th May 2016, and not only can you continue to enjoy the great returns you’d expect from Funding Circle, you could also receive one of these fabulous devices listed below. Lend an additional:

£30,000+ to get an iPad Air 2*, or

£20,000+ for an iPad mini 2*, or

£10,000+ for a Kindle ereader*

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help, or read full details about how to qualify.

Loans defaulted last week

Farm. Loan 7058. Risk band B

This Leicestershire business was established in 2004 and is 4 months in arrears.

Food shop. Loan 11402. Risk band C

This London business has been running since 2011 and has become unresponsive after missing repayments.

Builders. Loan 12433. Risk band A

This Devon business was established in 2011 and has ceased trading.

House extension specialist. Loan 19304. Risk band B

This Middlesex business has been running since 2012 and has become unresponsive after missing repayments.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above and they will provide you with updates in the loan comments section on your summary page. Read how our collections and recoveries process works (part one and part two) on our blog.

Enjoy lending, the Funding Circle team

 

*Terms and conditions apply. Apple and Amazon are not a participants in or sponsors of this promotion.

From Farnborough to the Far East: did you lend to this glass fibre specialist?

For our latest case study we visited Composite Reinforcements in Hampshire, who specialise in the distribution of glass fibre and raw materials. The products are used by the plastics industry across the world for a range of sectors, from transportation and logistics to military and construction.

Business owner Bob Barham needed to access finance quickly to fill working capital requirements, and was signposted to Funding Circle by his bank manager at RBS Natwest.

Bob commented, “This experience with Funding Circle has really strengthened our relationship with the bank. Being a trusted partner, you [James Starr, Relationship Manager at RBS Natwest] have the experience to signpost different alternatives for us to explore. Thank you for the introduction, we owe you one!”

Funding Circle was the first peer-to-peer business marketplace to announce a formal referral partnership with a high street bank, and partnered with RBS in January 2015 to help small businesses across the UK access the finance they need to grow.

Since launching in 1998, Composite Reinforcements has rapidly grown to become one of the leading distributors of glass fibre, specifically acting as a partner for large users. Bob told us being a low cost, agile, small business gives them a competitive edge. In October 2015, Composite Reinforcements took out a £150,000 business loan to pay a manufacturer early and take advantage of a rebate which covered the cost of the loan.

In this short video you’ll meet Bob, find out about the supply chain involved in the distribution of glass fibre and the importance of the Yangtze River in China:

We’ve helped more than 17,000 businesses in the UK, US and Europe access finance for a range of finance needs. Get a personalised quote in 10 mins.

Find out how your lending is helping other small businesses across the UK

40% increase in profits for a Brighton business | Weekly Lending Review

Week 15: 4 – 8 April

Earlier this year we visited Brighton Holiday Homes, a holiday rental specialist and Funding Circle borrower, who represent a range of stylish yet affordable flats and houses across the vibrant city. Read the picture story to find out how your lending is helping the real economy in Brighton.

New loans available to you

There are currently 34 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £14,505,840 averaging at £89,039 per loan. The largest loan value was £500,000 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and estimated bad debts. 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: 4-Apr represents the week of 4th – 8th April.

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)
WLR 15-16 yield

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

Number of listed loans per week

WLR 15-16 loans listed

Listed loan value per week

WLR 14-16 loan value

Total amount lent

WLR 14-16 amount lent

Loan parts available to buy from other investors

WLR 15-16 loan parts

News you should know

Investing in the Funding Circle SME Income Fund

The Funding Circle SME Income Fund, which launched in November 2015, gives shareholders access to a diverse range of loans across the Funding Circle marketplace in the UK, USA, Germany, Spain and the Netherlands. Find out more about the Fund and how it works on the blog.

Our spring promotion is here!

Spring has sprung at Funding Circle and to celebrate, we’re running a tablet promotion for all investors. Increase the amount you lend to businesses by 16th May 2016, and not only can you continue to enjoy the great returns you’d expect from Funding Circle, you could also receive one of these fabulous devices listed below. Lend an additional:

£30,000+ to get an iPad Air 2*, or

£20,000+ for an iPad mini 2*, or

£10,000+ for a Kindle*

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help, or read full details about how to qualify.

Loans defaulted last week

Boat yard. Loan 1747. Risk band B

This Essex business was established in 1995 and has ceased trading.

Communications agency. Loan 2648. Risk band A

This Nottinghamshire business has been running since 2006 and is 3 months in arrears.

Furniture manufacturer. Loan 2965. Risk band C

This Warwickshire business was established in 2002 and was placed into liquidation in March 2016.

Car retailer. Loan 7850. Risk band C

This Nottinghamshire business has been running since 2014 and is 3 months in arrears.

Sash window manufacturer. Loan 10639. Risk band A

This Glasgow business was established in 2003 and was placed into liquidation in January 2016.

Construction specialist. Loan 16537. Risk band A+

This Hertfordshire business has been running since 2012 and was placed into liquidation in January 2016.

Bath supplier. Loan 18656. Risk band D

This Hertfordshire business was established in 2006 and has become unresponsive after missing repayments.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above and they will provide you with updates in the loan comments section on your summary page. Read how our collections and recoveries process works (part one and part two) on our blog.

Enjoy lending, the Funding Circle team

 

*Terms and conditions apply. Apple and Amazon are not a participants in or sponsors of this promotion.

The Funding Circle SME Income Fund

Last week we gave an update on the upcoming Funding Circle ISA, and explained that it is possible for investors to earn tax-free returns by investing in the Funding Circle SME Income Fund. In this piece we will look at the Funding Circle SME Income Fund in more detail, and how investors could consider including it as part of their diversified investment portfolio.

Before we go on, it is important to highlight that the Fund operates differently to investing directly on the marketplace, and any investors interested in investing in the Funding Circle SME Income Fund should first speak to a financial advisor.

What is the Funding Circle SME Income Fund?

The Funding Circle SME Income Fund is listed on the London Stock Exchange. Last November it raised £150 million from a range of investors – including asset managers, wealth managers and pension funds. Shares in the Funding Circle SME Income Fund may also be purchased by individual retail investors in the UK.

How does it work?

The Funding Circle SME Income Fund provides access to a diversified portfolio of loans originated through Funding Circle’s global geographies in the UK, USA, Germany, Spain and the Netherlands.

Rather than lending directly to businesses on the Funding Circle platform, investors purchase shares in the Fund itself, receiving income in the form of quarterly dividends. The target Net Asset Value total return is 8-9% per annum, and the annual target dividend yield is 6-7 pence per share. Your actual return may be higher or lower since, like any investment in shares, your capital is at risk.

The Funding Circle SME Income Fund buys up to 35% of loans originated through the Funding Circle marketplace. Like other larger investors, it only buys whole loans and does not compete directly with individual investors, who purchase partial loans. The allocation between whole loans and partial loans remains completely random.

Including the Funding Circle SME Income Fund within your investment portfolio

For many investors, peer-to-peer lending will make up part of a diversified portfolio, with investments often spread across multiple asset classes such as equities, cash, stocks and fixed income products.

The Funding Circle SME Income Fund is an equity investment, so investors’ total return is made up of dividends received, plus appreciation (if any) in the share price of the Fund. Share prices can be subject to volatility over the short term, so the Fund can be considered a longer term investment. For individual investors, this could form part of a Self Invested Personal Pension, (SIPP).  A SIPP works like a personal pension, however investors have full control and make investment decisions on their own behalf. All earnings from investments held within a SIPP are tax-free. Investors can also include their investments in the Fund within a Stocks and Shares ISA.

How can I buy shares in the Funding Circle SME Income Fund?

The Funding Circle SME Income Fund operates as an independent company and investors are unable to buy shares directly from Funding Circle. Investors interested in purchasing shares may want to consider speaking with their financial advisor. For further information on the Funding Circle SME Income Fund, please visit its website: www.fcincomefund.com

We hope this post has been helpful. Over the next few weeks we will be discussing the benefits of tax free investing in more detail.

If you have any questions, please feel free to join the conversation on the forum.

The Funding Circle Team

*This blog post is provided for information purposes only and is not intended to be construed as an offer, invitation or inducement to engage in investment activity in relation to – or a financial promotion of – Funding Circle SME Income Fund. Funding Circle does not give investment advice or recommendations and this blog post should not be relied upon as such*

 

Desktination: a flexible space for small businesses to call home

We understand what it’s like to start small and grow fast! We’ve created a co-working space, with 100’s of desks available to rent, right next door to our global headquarters in London.

Desktination kitchen

Whether you’re a one man band, or a fast growing team, you can rent 1 desk or 100 on a month-by-month basis, with no long-term commitments – unless you want one!

We’ll throw in free wi-fi, flexible meeting spaces and of course, a ping pong table. The building has bike storage, showers and we’ll provide free water, tea & coffee to keep you topped up.

Desktination hubble

Our Chief Operating Officer, Pam Burton commented: “We know what it’s like to be small and entrepreneurial, and we hope that access to central London and the city will mean other firms have the opportunity to flourish.” Desks cost around £399 per desk per month.

Fancy a tour?

Call us on 020 3308 9481 or email desktination@fundingcircle.com to book an appointment – we’re happy to show you around!

Marketplace lending is about to enter a golden age. March industry news

Newspapers - Copy

Ex-European Central Bank, Germany Official Asmussen Jumps Into Online Lending Boom

This month, we were incredibly pleased to announce the appointment of Jörg Asmussen to the Funding Circle board. Jörg is a German economist and policymaker who has held numerous high-profile positions, including as a finance minister and at the European Central Bank. We are hugely privileged to have him join the team, and his experience and expertise will be very useful as we accelerate our growth across the UK, US and Europe. Further coverage seen in Business Insider.

Should you use your Isa for peer-to-peer lending?

As you may be aware, the government will launch the Innovative Finance ISA this tax year, which will enable you to earn tax-free returns by lending to businesses directly through Funding Circle. In order to launch an Innovative Finance ISA, all peer-to-peer lending platforms are required to be fully authorised by the regulator, the Financial Conduct Authority (FCA). The FCA is close to completing their review process with us and we’re very excited to launch the Funding Circle ISA as soon as we receive full authorisation. For more information, please read our most recent blog post and take a look at our website. You can also read more about Innovative Finance ISAs in City AM and Telegraph.

Funding Circle SME Income Fund buys loans in Continental Europe

In other exciting news, the Funding Circle SME Income Fund is now lending to small businesses through Funding Circle’s marketplaces in Germany, Spain and the Netherlands. The SME Income Fund was listed on the London Stock Exchange towards the end of 2015, and lends exclusively to small businesses through Funding Circle’s marketplaces in the UK, US, and now Europe. Investors in the UK can hold shares in the Funding Circle SME Income Fund through either their existing Stocks & Shares ISA or Self Invested Personal Pension. Please contact your financial adviser with any questions.

Funding Circle’s CEO addressed ‘the most pertinent question anyone can ask about our industry’

Our CEO, Samir, gave the keynote speech at AltFi, a leading industry conference, where he addressed the challenges and opportunities for marketplace lending. Welcoming recent scrutiny on the sector, Samir believes the reasons for founding Funding Circle remain the same and that contrary to recent criticism, marketplace lending is about to enter a golden age. You can watch his full speech here and read further coverage in Financial Times.

Funding Circle is dedicating an entire floor in its new office to younger startups

And finally, do you know of any start-up or small companies looking for a new workspace to call home? At our London headquarters, we’ve dedicated an entire floor to younger and smaller businesses who are in need of desks in the heart of the city at a reduced market rate. Our Chief Operations Officer, Pam Burton, commented: “We know what it’s like to be small and entrepreneurial, and we hope that access to central London and the city will mean other firms have the opportunity to flourish.” Spark any interest? Please see here for more information and get in touch!

Our spring promotion is here! | Weekly Lending Review

Week 14: 28 March – 1 April

Spring has sprung at Funding Circle and to celebrate, we’re running a tablet promotion for all investors. Increase the amount you lend to businesses by 16th May 2016, and not only can you continue to enjoy the great returns you’d expect from Funding Circle, you could also receive one of these fabulous devices listed below. Lend an additional:

£30,000+ to get an iPad Air 2*, or

£20,000+ for an iPad mini 2*, or

£10,000+ for a Kindle*

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help, or read full details on our blog.

New loans available to you

There are currently 20 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £11,418,080 averaging at £66,185 per loan. The largest loan value was £510,280 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and estimated bad debts. 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: 28-Mar represents the week of 28th March – 1st April.

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)
WLR 14-16 Yield

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

Number of listed loans per week

WLR 14-16 loans listed

Listed loan value per week

WLR 14-16 loan value

Total amount lent

WLR 14-16 amount lent

Loan parts available to buy from other investors

WLR 14-16 loan parts

News you should know

Funding Circle ISA – latest news

We’re looking forward to being able to launch the Funding Circle ISA soon. As you may be aware, in order to launch an Innovative Finance ISA, all peer-to-peer lending platforms are required to be fully authorised by the regulator, the Financial Conduct Authority (FCA). We’re working closely with the FCA on our submission and our work with them is progressing well. We’ll keep you up-to-date with progress on the blog, or join the conversation about ISAs on the forum.

Loans defaulted last week

Music publication. Loan 16271. Risk band B

This Manchester business was established in 2011 and has ceased trading.

Engineer. Loan 18804. Risk band A

This Aberdeen business has been running since 2013 and was placed into liquidation in January.

Security company. Loan 16496. Risk band B

This London business was established in 2004 and has ceased trading.

Media agency. Loan 18225. Risk band A+

This Swansea business has been running since 2013 and was placed into liquidation in March.

Manufacturer. Loan 2411. Risk band B

This Wiltshire business was established in 1990 and was placed into liquidation in November.

Digital printer. Loan 2002. Risk band B

This Dorset business has been running since 2007 and is two months in arrears.

Taxi business. Loan 7285. Risk band B

This Lancashire business was established in 2008 and is three months in arrears.

IT solution provider. Loan 11956. Risk band A

This Bristol business has been running since 2001 and was placed into liquidation in December.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above and they will provide you with updates in the loan comments section on your summary page. Read how our collections and recoveries process works (part one and part two) on our blog.

Enjoy lending, the Funding Circle team

*Terms and conditions apply. Apple and Amazon are not a participants in or sponsors of this promotion.

Our spring promotion is here!

Spring has sprung at Funding Circle and to celebrate, we’re running a tablet promotion for all investors.

Spring Promo Hero 2 OFFICIAL (1)

If you lend an additional £10,000+, £20,000+ or £30,000+ to businesses in the next 6 weeks, you will be eligible for one of these brand new devices.

Promotion details

Lend an additional £30,000+ and get an iPad Air 2*

Lend an additional £30,000 or more through Funding Circle by 16th May 2016 and you’ll receive a brand new, shiny and light Apple iPad Air 2!

Or,

Lend an additional £20,000+ and get an iPad mini 2*

Lend an additional £20,000 or more through Funding Circle by 16th May 2016 and you’ll receive a brand new, shiny and beautiful Apple iPad mini 2!

Or,

Lend an additional £10,000+ and get a Kindle*

Lend an additional £10,000 or more through Funding Circle by 16th May 2016 and you’ll receive an Amazon Kindle ereader!

3 steps to qualify for a gift:

1. Log into your investor account and transfer funds

2. Increase your lending by the amounts stated above by Monday 16th May 2016

3. We’ll send you one of these brand new devices for you to enjoy

Top tip: Buying loan parts from other investors on the secondary market is a quick and easy way to increase the amount you have lent to businesses.

Please note, using Autobid is not a guarantee you will lend out the required amount. We’d encourage you to log back in regularly to check on your progress. And remember, by lending to businesses your capital is at risk – diversification is a great way to manage this.

How to make sure you’re eligible

We measure additional lending as the difference between the ‘amount lent’ shown in your Funding Circle investor account on Friday 1st April 2016 at 00:01, to the ‘amount lent’ in the same account on Monday 16th May 2016 at 23:59.

Only one reward per investor and this promotion is not an April Fools’!

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help.

Enjoy lending

The Funding Circle team

*Terms and conditions apply.