UK Small business lender Funding Circle attempts to simplify the investment process by removing manual bidding in favor of a two tiered autobid process; the two autobid accounts will be: balanced with a targeted return of 7.5% and conservative with a targeted return of 4.8%; UK Managing Director James Meekings tells AltFi: "These changes will make lending at Funding Circle simpler, better, fairer. We want to create a level playing field for all investors and ensure everyone has the same opportunity to lend to UK businesses."; the changes were in response to individual investors "gaming" the system and not allowing the passive investors access to higher return loans which are very popular; according to AltFi this is a trend in in the industry with other platforms, including Zopa in May, moving to this process. Source