Newsroom

Funding Circle is the world’s leading lending platform focused exclusively on small businesses, matching established and creditworthy businesses who want to borrow with investors who want to lend in the U.S., the U.K., and Continental Europe. We help accredited and institutional investors lend money to American small businesses looking for financing to grow their business, create new jobs, and ultimately accelerate economic growth.

By combining cutting edge technology with industry-leading risk management models, Funding Circle provides small businesses with access to fast, affordable, and transparent financing and investors with the opportunity to access attractive returns through an online marketplace.

Every day, thousands of quality small businesses struggle to get the loans they need to grow, battling endless streams of paperwork and unreasonable lending terms. The old banking system is clearly broken, so we’re building a better solution.

Company snapshot (as of July 2017)

  • Founded: 2010
  • Launched in the U.S.: October 2013
  • Amount lent globally: $4 billion to more than 32,000 businesses
  • Number of investors globally: 69,000 individuals, financial institutions, and even the U.K. Government
  • Number of employees: ~700
  • Operates in: The U.S., the U.K., Germany, and the Netherlands
  • US Headquarters: San Francisco

For all media inquiries, please contact: pr@fundingcircle.com / +1 (855) 385-5356


Media releases

Funding Circle Joins Center for Financial Services Innovation

We’re proud to announce we’ve become a Financial Health Network Member of the CFSI.

Celebrating Made to do More at Funding Circle

We’re excited to announce a new look and feel for Funding Circle.

Funding Circle Announces Appointment of Sean Glithero as CFO

Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017.

Funding Circle Strengthens U.S. Leadership Team

Joanna Karger joins as U.S. Head of Capital Markets, and Richard Stephenson joins as U.S. Chief Compliance Officer.

CIM Commits Additional $100M to Funding Circle to Help Fuel Small Businesses

Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, will finance an additional $100 million in loans to businesses originated through Funding Circle in the U.S.

Funding Circle announces $100 million equity investment to help thousands more small businesses globally

Led by Accel, the round saw participation from existing Funding Circle investors, including Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures.

Funding Circle announces appointment of former Lloyds Banking Group CEO as new board member

Eric Daniels, former Chief Executive of Lloyds Banking Group, brings with him more than 40 years’ experience in global banking and financial services.

Funding Circle, Lending Club, Prosper Marketplace launch Marketplace Lending Association

Leading online credit marketplaces Funding Circle, Lending Club and Prosper Marketplace today announced the launch of the Marketplace Lending Association, a U.S. non-profit membership organization created to promote responsible business practices and sound public policy to benefit borrowers and investors.

SME Income Fund starts lending to businesses in Europe

The Funding Circle SME Income Fund will today begin lending to small businesses through Funding Circle’s marketplaces in Germany, Spain and the Netherlands, helping small businesses access the financing they need to grow.

Funding Circle announces Jörg Asmussen as new board member

Funding Circle today announced German economist and former Executive Board Member of the European Central Bank (ECB), Jörg Asmussen, will join the Funding Circle board.

Funding Circle partners with U.S. Department of Commerce’s MBDA to help minority businesses access affordable growth capital

Funding Circle helps minority-owned small businesses navigate the evolving credit sector through a partnership with the Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce.

Funding Circle SME Income Fund closes £150M round

The Funding Circle SME Income Fund has successfully raised its first round of money to lend through the Funding Circle marketplaces, and will shortly list on the London Stock Exchange.

Funding Circle launches across Europe With deal For Rocket Internet-backed Zencap

Funding Circle has joined forces with Zencap, to create the first truly global marketplace lending platform. The deal sees Funding Circle expand into Germany, Spain and the Netherlands, alongside its existing operations in the UK and US.

Funding Circle strengthens its platform strategy with H&R Block partnership

The small businesses who already use H&R Block for bookkeeping, payroll, taxes and other accounting services now have access to a new online service: business loans up to $500,000, thanks to a new referral partnership with Funding Circle.

Small business advocates, lenders & online credit marketplaces unveil Small Business Borrowers’ Bill of Rights

To protect Main Street from predatory lending, Funding Circle and a coalition of industry leaders announced the first-ever consensus on responsible small business lending practices in Washington DC today.

Funding Circle bolsters global risk and analytics teams with appointments of former Barclays and Amex execs

Funding Circle, the world’s leading marketplace for small business loans, has bolstered its global risk and analytics team today and announced record growth in Q2, with approximately $235 million (~£150 million) lent to businesses globally.

Funding Circle partners with the NSBA to help Main St. get better access to growth capital

From bolstering inventory levels to hiring more people, thousands more American small businesses will have better access to quality, affordable growth capital thanks to a new partnership between Funding Circle, the world’s leading marketplace for small business loans, and the National Small Business Association (NSBA).

Funding Circle announces $150 million investment to fuel growth

Funding Circle today announced it has raised $150 million (~£100 million) in equity capital, in a round led by DST Global, with participation from Baillie Gifford, a fund managed by BlackRock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent for the oversubscribed round. The new funding will be used to consolidate the UK and US markets and fuel further growth.

Victory Park Capital partners with Funding Circle to support thousands of small businesses in the UK and US

Funding Circle, the world’s leading online marketplace for small business loans, today announces that Victory Park Capital, an asset management firm based in the US and an active lender to UK and European companies, will finance up to $420 million in loans to small businesses originated through Funding Circle both in the UK and US over the next three years.

Funding Circle launches fractional loan marketplace so more Americans can invest in successful Main St small businesses

Funding Circle, the global small business loan marketplace, has become the first and only major peer–to–peer lender in the U.S. to offer individual investors the opportunity to invest in secured small business loans with the launch of its new Fractional Loan Marketplace.

Funding Circle bolsters its disruptive underwriting technology through LeapPay acquisition

Funding Circle, the world’s leading online marketplace for small business lending, today announced it has acquired LeapPay, an online lender that provides affordable financing to small businesses based on their accounts receivable.

Funding Circle announces $65 million investment to fuel international growth of marketplace lending; Robert K. Steel joins the board

Funding Circle, the world’s leading online marketplace for business lending which has lent more than half a billion dollars to over 5,000 businesses, today announced it has raised $65 million in a Series D funding round led by Index Ventures with participation from existing investors, Accel Partners, Union Square Ventures and Ribbit Capital.


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