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.

 

For all media inquiries, please contact: pr@fundingcircle.com / (510) 592-8411

Media releases

April 15, 2020

Funding Circle, the leading online small business loan platform in the United States, is approved to provide Paycheck Protection Program loans through the company’s online portal.

April 3, 2020

Funding Circle, one of the largest US online small business loan platforms, launched a pre–application system for small business owners interested in funds from the Paycheck Protection Program, offered by the US Treasury and Small Business Administration (SBA).

January 28, 2020

$2 billion of cumulative loan originations and $1 billion of loans under management, meaning that within the United States the company holds more outstanding small business loans than almost 98% of banks.

January 27, 2020

Funding Circle today announced first place rankings in the Center for Financial Professionals (CeFPro) FinTech Leaders 2020 Report; winning the category of ‘Business Lending’.

December 2, 2019

The newest feature of the Funding Circle US loan platform provides borrowers with three fully approved loan options with different terms and rates to give small business owners the flexibility to find the loan that best fits their needs.

October 25, 2019

$2 billion of cumulative loan originations and $1 billion of loans under management, meaning that within the United States the company holds more outstanding small business loans than almost 98% of banks.

August 15, 2019

Achieving this milestone in less than a decade, Funding Circle has proven that its model has become the preferred option for small business funding that fuels economic growth.

April 29, 2019

A new report published by Oxford Economics found that a decade after the financial crisis, American small businesses continue to be neglected by banks.

March 1, 2019

Funding Circle now has more US small business loans outstanding than almost 98% of FDIC-insured banks.

January 23, 2019

Stripe users can now import their data directly and securely to apply for a Funding Circle business loan.

September 7, 2018

The partnership will support the growth of thousands of U.S. small businesses.

June 26, 2018

Following the successful launch of this partnership earlier this year, the second phase increases INTRUST’s funding commitment and kicks off a targeted, co-branded marketing campaign.

June 12, 2018

A report published by Oxford Economics looks at the economic impact of lending through Funding Circle.

May 10, 2018

Funding Circle announced the appointment of Cath Keers as a non-executive board member.

April 3, 2018

Funding Circle is expanding its U.S. operations with a second office in Denver, Colorado.

March 13, 2018

Bernardo Martinez will join Funding Circle as its new U.S. managing director. He succeeds co-founder Sam Hodges, who will become Chairman of Funding Circle USA.

January 4, 2018

Funding Circle and INTRUST Bank, a regional bank headquartered in Kansas, announced a strategic partnership to support the growth of US small businesses.

December 7, 2017

Investors have lent more than $5 billion globally to 40,000 businesses through the Funding Circle platform.

September 27, 2017

Funding Circle Holdings Limited announced its FY results for the year ended December 31, 2016.

September 1, 2017

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

August 10, 2017

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

July 3, 2017

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

June 29, 2017

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

March 1, 2017

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.

January 12, 2017

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.

September 9, 2016

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

April 6, 2016

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.

March 14, 2016

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.

March 9, 2016

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.

December 7, 2015

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.

November 25, 2015

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.

October 20, 2015

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.

August 6, 2015

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.

July 22, 2015

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.

May 15, 2015

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).

April 22, 2015

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.

February 19, 2015

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.

January 27, 2015

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.

August 26, 2014

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.

July 16, 2014

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.

Resources

September 11, 2015

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.

 
 
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1 Lends Well may partner with other lenders to provide a full range of loan options to qualified borrowers. Approval and funding times may vary between lending partners.