Peer2Peer Finance News shares a ‘where are they now?’ piece which includes the founders of Zopa, Funding Circle and RateSetter;...
The platform currently works with approximately 1,000 brokers; source reports it is focusing its efforts on brokers using the platform regularly with a new master broker system for inactive intermediaries; Funding Circle is requiring brokers to make at least one introduction to the platform per quarter. Source
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
A new Senate proposal circulating yesterday would allow the Treasury and the Small Business Administration to enable fintech lenders as...
Online SMB lenders believe they are in a unique position to help lend to small businesses during these chaotic times;...
When it comes to small business lending Funding Circle is the largest online marketplace, at least when it comes to...
Funding Circle has announced a new $100 million multi-year investment agreement with Community Investment Management including provisions for additional investment; the $100 million investment will focus on small businesses in the US; the investment supports continued growth for Funding Circle which has reported monthly lending of over 100 million British pounds ($122.92 million) since November. Source
In this week’s PeerIQ Industry Update they cover the growing risk of a recession due to the coronavirus, though estimates...
UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source
UK based fintech firms helped push technology investment in the UK to all time highs in 2017; fintech firms accounted for almost half of the £3bn invested; leading fintech firms TransferWise, Funding Circle and Monzo helped push the investment number as they all raised significant rounds; Eileen Burbidge, Partner at Passion Capital, tells AltFi, “"It's a testament to our exceptional entrepreneurs that the UK tech sector continues to produce companies that are leading in the development of cutting edge technologies such as artificial intelligence and fintech.” Source.