The British Business Bank (BBB) has approved The Bank of India and Silicon Valley Bank to deliver the Coronavirus Business...
Online SMB lenders believe they are in a unique position to help lend to small businesses during these chaotic times;...
As non bank lenders continue to gain market share across different loan segments, we wanted to give a complete overview...
Lisa Jacobs, the head of Funding Circle’s UK business, sat down with P2P Finance News for a wide ranging discussion;...
Despite initial concerns over risks from Brexit, the UK's Funding Circle has been growing significantly; Funding Circle is one of four firms Bloomberg plans to follow throughout the Brexit process which will begin when Prime Minister Theresa May triggers Article 50 of the EU Treaty; for Funding Circle, results following the Brexit vote in June have been overwhelmingly positive; in the second half of 2016, originations increased 50% from 2015 to 530 million British pounds ($685 million) and in the fourth quarter of 2016 the firm's UK division reported its first net profit; while some funding challenges and employee visa risks still remain, the firm's business seems likely to continue its positive trajectory; low rates on fixed income investments in the UK and slowed bank lending to small businesses appear to continue as leading factors for the firm's growth. Source
Today, Funding Circle gave its first quarter trading update in the U.K. and continued to show solid growth; loans under...
·
[Editor’s note: This is a guest post from Ian Gurney, founder of the P2P money website. P2Pmoney.co.uk is a media partner...
On Tuesday, Denver-based online lender Funding Circle launched a partnership with DreamSpring, to increase access to funding for SMBs.
The marketing initiative coincides with the firm's recent rebranding announcement and is part of the company's "Made to Do More" campaign; it is spending GBP12 million ($15.51 million) across media and specialist channels with a focus on business borrower and capital investor awareness; the firm has been a market leader in investment deals in 2017 recently announcing a partnership with Aegon and reporting a $100 million fundraising in January. Source
Funding Circle's, Samir Desai discussed his platform's business model at this week's Web Summit; Desai provided details on how his platform categorizes small business loans and makes credit approval assessments, noting that approximately 80% of businesses funded would likely be approved by traditional banks; also highlights the benefits of diversification for investors who can invest in multiple loans through a single platform; says 90% of investors are earning over 5% a year. Source