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We’re building a better financial world

Funding Circle was created with a big idea:

To revolutionise the outdated banking system and secure a better deal for everyone.

Thousands of loans later, we’ve helped businesses expand, investors prosper and the economy grow.

We’ve taken this progress global.

Funding Circle is the world’s leading marketplace exclusively focused on small businesses — more than £600m ($1bn) has been lent to 10,000 businesses in the UK and USA. Today, businesses can borrow directly from a wide range of investors, including more than 40,000 people, the UK Government, local councils, a university and a number of financial organisations.

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Funding Circle 2014 video review

A look back at 2014 and what the Funding Circle marketplace and the global team achieved in 2014.

Watch the video

Funding Circle is one of the best capitalised marketplace lending platforms in the world.

We have raised around $300 million of equity capital since 2010 from some of the largest and most sophisticated investors in the world. They believe in our mission to build a better financial world for businesses and investors.

Our backers collectively manage over $5 trillion and are the leading venture capital firms behind Facebook, Twitter, Skype and Betfair; and a sovereign wealth fund.

Our current equity investors are Accel Partners, Baillie Gifford, BlackRock, DST Global, Index Ventures, Ribbit Capital, Sands Capital, Temasek and Union Square Ventures.

  • >$1 billion lent by April 2015
  • >40,000 people and institutions lending
  • >10,000 loans funded

“Borrowing £100,000 has helped me completely refurbish my new premises”

Rufus Grantham, co-founder Blood & Sand Limited

Read Rufus’ story

What the press say about Funding Circle

Funding Circle raises $150m in new boost for tech sector

Peer-to-peer lending platform Funding Circle has raised $150m from some of the world’s leading investment groups, in one of the largest fundraising rounds by a British technology start-up.

Although fintech groups are seen as posing a threat to banks, some are choosing to work with these alternative finance companies. In June last year, Santander announced a deal where customers it cannot serve may be directed to Funding Circle.

Funding Circle lending to small firms in UK and America hits £500m milestone

Funding Circle has helped to generate more than £500million of lending to small firms in the UK and America. The online marketplace, which enables businesses to borrow directly from people and organisations, reached the milestone just days after announcing a tie-up with Royal Bank of Scotland.

The Economist The Independent BBC News The Guardian FT Daily Mail

Global leadership team

  • Pam Burton
    Pam Burton U.K. Chief Operations Officer
    Pam Burton

    Pam Burton

    U.K. Chief Operations Officer

    Pam is responsible for operations at Funding Circle in the UK. Pam has extensive experience growing internet companies from start-up to the international level.

    Prior to Funding Circle, she was Head of European Marketing Operations at LOVEFiLM where she was responsible for the operational delivery of acquisition marketing, partnership services and CRM strategy across Europe.

  • Samir Desai
    Samir Desai Co-founder,
    Chief Executive Officer
    Samir Desai

    Samir Desai

    Co-founder, Chief Executive Officer

    Samir is responsible for driving the company strategy, overseeing the company’s finances and managing the day to day operations at Funding Circle. Samir has worked extensively in the financial services sector.

    Before founding Funding Circle, Samir was an Executive at Olivant, a private equity investor in financial services businesses in Europe, the Middle East and Asia. Prior to this, Samir was a management consultant at BCG advising a number of major UK and global banks and insurers on strategy, new product initiatives, and operational efficiency.

  • Sam Hodges
    Sam Hodges Co-founder,
    U.S. Managing Director
    Sam Hodges

    Sam Hodges

    Co-founder, U.S. Managing Director

    As Co-Founder and U.S. Managing Director, Sam is responsible for overseeing the overall strategic direction and day-to-day operation of Funding Circle in the U.S. Under his leadership, the U.S. business has grown exponentially since its foundation in 2012 and has emerged as the world’s largest online marketplace exclusively focused on small business loans. He co-founded the company after seeing how hard it was to get a loan for a small business, a successful gym franchise, he helped build.

    Before co-founding Funding Circle, Sam served as Vice President of Business Development at SecondMarket, the leading marketplace for alternative investments. There, Sam was responsible for corporate and business development and the company’s geographic expansion efforts. Sam was also part of the investment team at Pequot Capital, an $8 billion global fund manager, where he covered investments in financial technology and information services. He started his career as a strategy consultant at Katzenbach Partners, where he advised financial services and technology companies.

    Sam currently serves on the boards of two private companies. He received his MBA and MS from Stanford University and graduated, magna cum laude, from Brown University.

  • Lisa Jacobs
    Lisa Jacobs VP Strategic Business Development
    Lisa Jacobs

    Lisa Jacobs

    VP Strategic Business Development

    Lisa is responsible for strategy and corporate development at Funding Circle. Lisa develops Funding Circle’s strategy and business development, which includes international expansion, developing and launching new product propositions and incubating new business areas.

    Prior to Funding Circle, Lisa worked independently as a business change consultant in the insurance industry and as a strategy consultant for the Boston Consulting Group. Whilst at the Boston Consulting Group, she advised national and multinational companies, from a variety of industries, on strategic and operational initiatives covering growth, new product development, reorganisation and transformation, amongst others. Lisa read Philosophy, Politics and Economics at the University of Oxford.

  • James Meekings
    James Meekings Co-founder,
    U.K. Managing Director
    James Meekings

    James Meekings

    Co-founder, U.K. Managing Director

    James is responsible for marketing and customer experience at Funding Circle. James has an extensive background in the consumer and media space.

    Prior to co-founding Funding Circle, James was a Senior Consultant at OC&C Strategy Consultants where he advised leading multi-national and national companies on strategy, new products and efficiency programmes.

  • Andrew Mullinger
    Andrew Mullinger Co-founder,
    Global Head of Credit
    Andrew Mullinger

    Andrew Mullinger

    Co-founder, Global Head of Credit

    Andrew leads the global credit and risk team and is responsible for risk management at Funding Circle. His team harmonizes data analytics with human process and judgment to ensure loans on Funding Circle platforms offer investors the opportunity to access reliable, risk-adjusted returns.

    As a founder, Andrew has grown Funding Circle from an idea into the largest and fastest growing small business loan marketplace in the world. Andrew helped build out and lead the company’s operations before focusing on risk management. Since Funding Circle entered the US in 2013, he has split his time between Funding Circle’s San Francisco and London offices.

    Before founding Funding Circle, Andrew worked at Nomura and Citigroup specializing in regulatory and risk management. He also spent time at Ernst & Young as a consultant where he advised financial institutions, government and regulators on risk management and regulation, including a major UK bank on its SME credit models for a c. $40 billion loan book. Andrew holds a degree in Mathematics from Manchester University.

  • Chitra Nayak
    Chitra Nayak U.S. Chief Operations Officer
    Chitra Nayak

    Chitra Nayak

    U.S. Chief Operations Officer

    As US COO, Chitra is responsible for overseeing the day-to-day operations of sales, credit and growth marketing at Funding Circle in the US.

    Chitra has more than 20 years of experience across companies spanning technology, financial services, and management consulting. Most recently she was COO, Platform at, a leading technology company. Prior to this she was SVP of Sales Development at Salesforce, where she led a global team of 500+ focused on prospecting for new business, and VP of Marketing Programs.

    Chitra has also served as VP of Membership Product Management for AAA Northern California and VP of Strategy & Operations at Charles Schwab. She started her career in business strategy at Boston Consulting Group.

    Chitra has an MBA from Harvard Business School, an MS in Engineering from Cornell University and a BS in Engineering from the Indian Institute of Technology.

  • Lucy Vernall
    Lucy Vernall General Counsel
    Lucy Vernall

    Lucy Vernall

    General Counsel

    Lucy is Global General Counsel, heading up Funding Circle’s legal function as well as UK compliance.

    Lucy was one of the founder members of Kemp Little LLP, a technology focussed City law firm, where as head of corporate she worked on M&A, equity and debt financing for financial services and fintech companies. She was managing partner of Kemp Little from 2009 to 2011 when she became Wonga’s first General Counsel and built up the company's international legal team, before joining Funding Circle in 2014.

  • David Yu
    David Yu Chief Product Officer
    David Yu

    David Yu

    Chief Product Officer

    As Global CPO, David is responsible for product, engineering and design at Funding Circle.

    David has over 20 years of experience driving forward successful technology companies. Prior to Funding Circle, he spent more than a decade at Betfair where he held the roles of CTO, COO and then CEO of the world’s largest betting exchange. During his tenure as Betfair’s CEO, David was responsible for the overall business strategy and operations and grew revenues to over $600m by emphasizing the development of new products and spearheading the company‚Äôs geographic expansion.

    David has also served as VP of International Engineering at AltaVista Company and Director of Engineering and Consulting Services at Zip2 (acquired by Compaq/AltaVista). He started his career as a software engineer.

    David holds a MS degree in Computer Science from Stanford University and a BS degree in Electrical Engineering and Computer Science from UC Berkeley.

The board

  • Andrew Learoyd
    Andrew Learoyd Non-executive Director
    Andrew Learoyd

    Andrew Learoyd

    Non-executive Director

    Andrew spent 23 years working in investment banking as a research analyst, in corporate finance, equity capital markets and finally as COO of the Equities Division in Europe of Goldman Sachs.

    He retired as a Managing Director of Goldman Sachs in 2006, since then he has been involved as an angel investor, non-executive director and consultant to several start up businesses. Andrew is currently Chairman of Healthy Kids (trading as Little Dish in healthy food products for children) and Small World Group (a leading money transfer business in Europe).

  • Harry Nellis
    Harry Nelis Non-executive Director
    Harry Nelis

    Harry Nelis

    Non-executive Director

    Harry joined Accel in 2004 and invests in both early and late-stage Internet and software companies. He led Accel’s investments in, among others, Check24, an online price comparison service for consumer financial products in Germany; Gameforge, a developer and publisher of MMOGs; Kayak, an online search service for consumer travel; and Showroomprive, an online private sales club.

    Before joining Accel, Harry was at Perry Capital, a $10 billion hedge fund, where he invested in public communications, media and technology companies. Prior to this, he was at Goldman Sachs, where he advised businesses on corporate finance and M&A transactions.

    Harry spent the first decade of his career in Silicon Valley, where he founded E-motion, a venture-backed software company. He started his career at Hewlett-Packard, where he held various engineering positions. Harry is an active member of the World Economic Forum and serves on the Selection Committee of the WEF Technology Pioneers Programme. Harry holds an MBA with distinction from Harvard Business School and a PhD and MS in Electrical Engineering from Delft University of Technology in the Netherlands.

  • Neil Rimer
    Neil Rimer Non-executive Director
    Neil Rimer

    Neil Rimer

    Non-executive Director

    Neil Rimer is a co-founder and Partner of Index Ventures. In 1992, Neil started the venture capital activity of Index’s predecessor firm, later co-founding Index Ventures and raising the firm's first fund in 1996.

    Neil’s current investment focus is on innovative solutions for energy and environmental problems. He is currently on the board of AlertMe, Fontself, doubleTwist, Lehigh Technologies, Moo Print, Netvibes, Photobox, Pulsic, Redwood Systems, Stack Exchange and Weatherbill.

    Neil sponsored many of the firm's investments including Betfair, Ofoto (now Kodak), Trolltech (now Nokia), Listen (now Real Networks), Numerical Technologies (now Synopsis) and Genmab (SDE: GNA). He has also served on the Board of Directors of U.C. Sampdoria, a football club competing in the Italian Serie A. Before starting Index Ventures, Neil spent four years with Montgomery Securities in San Francisco.

  • Bob Steel
    Bob Steel Non-executive Director
    Bob Steel

    Bob Steel

    Non-executive Director

    Bob is a partner at Perella Weinberg Partners. Prior to joining Perella, Bob was New York City’s Deputy Mayor for Economic Development where he was responsible for the Bloomberg Administration’s economic development strategy and job-creation efforts.

    As CEO of Wachovia Corporation in 2008, Bob oversaw the sale of the bank to Wells Fargo & Co. and served on the Wells Fargo board of directors until 2010. Bob has also served as the Under Secretary for Domestic Finance of the United States Treasury, Vice Chairman of Goldman Sachs and a board member of Barclays.

    Bob is a graduate of Duke University and the University of Chicago’s Booth School of Business. He is Chairman of the Aspen Institute’s Board of Trustees and has served as Chairman of Duke’s Board of Trustees, Senior Fellow at the Harvard Kennedy School of Government, member of the FDIC Advisory Committee on Economic Inclusion, Chairman of The After-School Corporation, and Co-Founder of SeaChange Capital Partners.

  • Ed Wray
    Ed Wray Non-executive Director
    Ed Wray

    Ed Wray

    Non-executive Director

    Edward Wray co-founded Betfair in 1999 with Andrew Black and was Chief Executive until 2003, when he moved to Australia to set up the company’s joint venture.

    He became Chairman in 2006. Betfair floated on the London Stock Exchange in 2010, valued at £1.4bn. It is one of the world’s largest online sports betting operators, processing more than 5 million transactions a day. Prior to setting up Betfair, Edward spent 8 years at J.P. Morgan & Co. as a Vice President in the debt capital markets & derivatives area.

Meet the team
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“We’ve now completed our first loan with Funding Circle and it was fantastic, it could not have been simpler.”

Nidal from Medina Capital has borrowed £640,000 out of a £1.5 million facility to build 2 family homes

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