- July 21, 2009
- Samir Desai, Andrew Mullinger, James Meekings
- Financial Services, Finance
- Funding Circle is an online marketplace allowing individuals to lend money directly to small and medium-sized businesses in the UK.
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 Â£5-50k. The businesses are checked for fraud and must meet a number of minimum credit requirements verified by the UKâ€™s leading credit agency. Experienced underwriters then further analyse and screen businesses before allowing them onto the Funding Circle platform.
Current Team (6)Update
Funding Rounds (5) - $123.2MUpdate
Index Ventures is a multi-stage international venture capital firm with deep sector expertise...
Ribbit will focus its investments on startups that are building financial services related to...
USV invests in large networks of engaged users, differentiated through user experience, and...
Accel Partners is a global venture capital firm with offices located in Silicon Valley, New York,...
99 Southwark Street
London, SE1 0JF
Lending Club is the nation’s leading online credit marketplace. We're using technology to...
RateSetter is a P2P lending website allowing users to lend and borrow money directly with each...
Peer-to-Peer money lending service
Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.
P2P Business Lender
- 07/16/14 -finextra.com
- 12/12/12 -techcrunch.com