Funding Circle is a peer-to-peer business lending platform designed to help small and medium-sized businesses secure fast and affordable financing. It offers multiple loan products including term loans, working capital loans, and government-backed lending programs supported by automated credit scoring and digital underwriting.
The company continues to streamline SME lending across multiple markets. Funding Circle provides transparent, easy-to-use financing tools designed to improve cash flow and support business growth.
What Is Funding Circle and What Does It Do?
Funding Circle, founded in 2010 by Sam Hodges, Andrew Mullinger, Samir Desai, James Meekings, and Angelo Moses Lauria, is a London-based (United Kingdom) alternative lending platform enabling SMEs to access capital efficiently.
The platform offers digital lending solutions such as CBILS loans, working capital loans, and term loans, backed by automated credit assessment and fast approvals.
Funding Circle employs 501-1,000 employees. Its marketplace connects investors and businesses, offering competitive rates, faster underwriting, and financial tools like loan calculators, business document processing, and real-time application tracking.
How Much Funding Has Funding Circle Raised?
1. Conventional Debt
- Amount Raised: $198M
2. Conventional Debt
- Amount Raised: $56.9M
- Investors: Avida
Total Funding Raised: $373 Million
Latest Funding Date: August 2019
Key Investors
1. Accel
- Details: A global venture capital firm investing in early and growth-stage technology companies.
- Investment Focus Areas: SaaS, fintech, consumer internet.
- Notable Investments: Facebook, Slack, Flipkart.
2. Index Ventures
- Details: A global venture capital fund backing high-growth technology and marketplace companies.
- Investment Focus Areas: Fintech, marketplaces, AI, SaaS.
- Notable Investments: Etsy, Revolut, Deliveroo.
3. Union Square Ventures
- Details: A US-based VC firm known for backing internet-enabled platforms.
- Investment Focus Areas: Fintech, web3, consumer platforms.
- Notable Investments: Twitter, Coinbase, Duolingo.
Where Is Funding Circle’s Headquarters?
Funding Circle is headquartered in London, United Kingdom, a major global financial center that offers strong access to capital markets, fintech talent, and regulatory frameworks supportive of innovative lending models.
What’s Next for Funding Circle?
Funding Circle aims to scale its automated credit decisioning technology, expand its lending partnerships with banks and financial institutions, and strengthen its SME-focused financial ecosystem. The company is expected to diversify product offerings, enhance risk analytics, and accelerate digital lending adoption across international markets.
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