Since launching in 2013 Funding Circle USA has now reached $2 billion in total loans originated; if it was a bank Funding Circle would be among the 50 largest small business commercial and industrial loan portfolios in the US; Funding Circle’s headquarters is in the UK where they recently crossed the £4 billion mark in total originations; the US managing director for Funding Circle, Bernardo Martinez, said, “The fact that we have reached this milestone within a little more than five years, putting us in the same league as some banks established a century ago, is evidence that small businesses are underserved by the traditional banking system.” Source.
