Funding Circle

Funding Circle Limited

Traded asLSE: FCH
IndustryFinancial technology, peer-to-peer lending
FoundedAugust 2010;
FounderSamir Desai, CEO, James Meekings, Andrew Mullinger
HeadquartersQueen Victoria Street, London, EC4
Area servedUK, United States, Germany, Netherlands
ProductsBusiness loan, Commercial and industrial loan
  • Funding Circle is a peer-to-peer lending marketplace that allows the public to lend money directly to small and medium-sized businesses.
  • Using Funding Circle, businesses access lower costs of financing than they would get at a bank and the public are able to become lenders and in doing so make a return on their capital.
  • Businesses can borrow up to £1 million in the UK, up to $500,000 in the US, and up to €250,000 in Germany and the Netherlands for up to 60 months.
  • Funding Circle determines the loan rate offered based on risk category and loan term.
  • The company is listed on the London Stock Exchange.
  • 2019.4 Funding Circle SME Income falls on its sword as shareholders seek cash
  • Covid-19
    • On 9 April 2020 Funding Circle announced the temporary suspension of their secondary market for loan parts stating “we have taken the decision to pause the secondary market while we continue to evaluate the potential impact of Covid-19.”
  • Regulatory
    • As of 2012 Britain's Financial Services Compensation Scheme does not cover lending by crowd funding or peer-to-peer lending and therefore Funding Circle's customers are not protected and cannot turn as a last resort to the FSCS.

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