Funding Received
$123.2 Million in 5 Rounds from 4 Investors
Most Recent Funding
$65 Million Series D on July 17, 2014
Founded:
July 21, 2009
Headquarters:
London
Description:
Funding Circle is an online marketplace allowing individuals to lend money directly to small and medium-sized businesses in the UK.
Founders:
Samir Desai, Andrew Mullinger, James Meekings
Categories:
Financial Services, Finance
Website:
http://www.fundingcircle.com

Detailed Description

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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.

Current Team (6)

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Funding Rounds (5) - $123.2M

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Investments (1)

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Board Members and Advisors (2)

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Acquisitions (1)

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Investors (4)

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  • 4b8cb82cceb342829beea060f74f8ad3

    Index Ventures

    Index Ventures is a multi-stage international venture capital firm with deep sector expertise...
  • 19b49e1d50774c3aaa67084cca77cfd5

    Ribbit Capital

    Ribbit will focus its investments on startups that are building financial services related to...
  • Vt0qjg347v6gall2hmeb

    Union Square Ventures

    USV invests in large networks of engaged users, differentiated through user experience, and...
  • 1a38f8b244c49d049b5ad8ab0d9792e5

    Accel Partners

    Accel Partners is a global venture capital firm with offices located in Silicon Valley, New York,...

Offices/Locations (1)

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  • Office

    99 Southwark Street

    London, SE1 0JF

    GBR

Competitors (6)

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  • Ad84f851587af5b26d9520fd7fc7b4ae

    Dealstruck

    The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses with...
  • 8857c38ffd7d0c6b526c1f52ec09eaa3

    Lending Club

    Lending Club is the nation’s leading online credit marketplace. We're using technology to...
  • D7f02a4a6895dc250a1a471699ce2bce

    RateSetter

    RateSetter is a P2P lending website allowing users to lend and borrow money directly with each...
  • Cb default image

    FundingKnight

    Peer-to-Peer money lending service
  • 66a5eaf73688df9ea7a55d99f3ea4751

    Zopa

    Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.
  • Cb default image

    Assetz Capital

    P2P Business Lender

Images (1)

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  • 07178a152c103b11b42815c75971ad0c