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General Information

Websitefundingcircle.com
Twitter@FundingCircle
CategoryFinance/Venture
Emailcontactus@funding...
Employees6
Founded7/2009
DescriptionOnline lending marketplace

Offices

London, GBR
99 Southwark Street
London, SE1 0JF, GBR

People

Co-founder and Director
Co-founder and Director
Co-founder and Director
Board Director
Board Member
Director
Non Exec Director
Managing Director

Acquisitions

Investments

Funding

TOTAL $58.2M
FUNDING TOTAL $58.2M
Angel, 2/2010
$1.1M
Series A, 4/2011
Index Ventures
£2.5M
Series B, 4/2012
Index Ventures
Union Square Ventures
$16M
Series C, 10/2013
Accel Partners
Union Square Ventures
Ribbit Capital
Index Ventures
$37M

Competitors

Tags

Funding Circle

Funding Circle is an online marketplace where people can directly lend to small businesses in the UK.

People lend small amounts to multiple creditworthy businesses to spread their risk. In turn, those businesses borrow from a multitude of people through an auction mechanism to get a lower interest rate.

Lenders are able to loan specifically to businesses in their community or businesses that meet certain criteria, such as being environmentally friendly.

Small businesses will initially be able to apply for unsecured loans of £5-50k. The businesses are checked for fraud and must meet a number of minimum credit requirements verified by the UK’s leading credit agency. Experienced underwriters then further analyse and screen businesses before allowing them onto the Funding Circle platform.

Recent Milestones

Videos

Screenshots

Funding Circle screenshot
Above: Home Page
Uploaded: 7/19/11

Sources

  1. techcrunch.com [edit]
  2. Financing small business: The mother of invention | The Economist (economist.com) [edit]
  3. Angel investors (wiseclerk.com) [edit]
  4. Funding Circle, the Zopa-for-SMEs, raises £2.5m led by Index Ventures (eu.techcrunch.com) [edit]
  5. Funding Circle, a Kickstarter for SMBs, Picks Up $16M From Index, Union Square Ventures (techcrunch.com) [edit]
  6. UK Peer-To-Peer Lending Platform Funding Circle Raises $37M, Targets U.S. SMBs In Merger With Endurance Lending Network (techcrunch.com) [edit]
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Last Edited 3/24/14

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