We've closed new lending for retail investors
If you have an existing account, you will continue to receive repayments and you can sign in to withdraw funds.
Continuing to support your portfolio
On 10th March 2022, we announced that we are permanently closing the platform for new investments from individual investors (known as retail investors), including buying and selling loans through the secondary market.
We appreciate this will be disappointing for many of you, it’s been a difficult decision to make and we greatly value the contribution and support all investors have given since Funding Circle was founded.
We will continue to manage your loan portfolio and you will still receive repayments into your account that can be withdrawn any time. You can read the full announcement here.
Frequently asked questions
All loan part repayments and bad debt have now closed and any final balances are held in your available funds ready to withdraw.
You can withdraw available funds at any time to your nominated bank account. See this step-by-step guide for more details. Please note, any available funds in your account do not earn interest.
Once you have followed the required steps to withdraw funds, it can take up to 3 working days for these funds to arrive in your bank account. This may take longer in certain scenarios where we either require further information from you, or need to carry out further checks.
As we are no longer accepting new investments from individual investors, you will not be able to invest in new Funding Circle loans. All new lending will be funded through institutional lenders.
All live loans in your portfolio have now repaid, and all open defaulted loans have been closed. Your Funding Circle account is now complete, and no further funds will be paid into your account.
As your account is now complete, please withdraw your final balance and download any necessary tax or transaction statements for your records. We will begin the process of closing your account once all funds have been withdrawn.
As your account is now complete, please withdraw your final balance and download any necessary tax or transaction statements for your records. We will begin the process of closing your account once all funds have been withdrawn.
There is no further action required from you once your final balance has been withdrawn to you.
Funding Circle continues to act as an ISA manager and your funds will remain in the tax-free ISA wrapper. However, If you withdraw ISA funds via bank transfer, they will lose their tax-free ‘ISA wrapper’. To keep your ISA funds protected, please initiate an ISA transfer through a new provider instead. We will work with them to move your funds within 30 working days.
You need to contact your new ISA provider who will provide you with an ISA Transfer form. Once this has been completed with them, they will submit this to Funding Circle on your behalf and we will then carry out the required steps to complete the transfer. We will work with them to move your funds within 30 working days.
We aim to complete ISA transfers within 15 days of receiving the request from the new ISA provider. To avoid delays, it is important that all the information provided is accurate and the correct balance is available in your account. The maximum time this process can take is 30 days, as set out in the Funding Circle ISA Terms and Conditions.
