Funding Circle
Funding Circle CEO Takes a Look at 2013
Funding Circle CEO, Samir Desai, wrote a blog post today expressing optimism about peer to peer lending in 2013. Desai writes that in 2012 peer to peer lending “transitioned from a fledgling industry into a real alternative for small businesses looking for investment and investors wanting a better return on their money.” Desai goes on [...]
Funding Circle Lending Volume Up To £1M A Month
Funding Circle has announced a new milestone with gross lending exceeding £40 million and average weekly lending of more than £1 million. Here is the press release: (Mortgage Finance Gazette) August 10, 2012 — The online lender, Funding Circle, which matches private investors with businesses looking for funding, has announced a new milestone with gross [...]
Consumers Turning To Peer-To-Peer Lenders As Distrust In Banks Grows
As more information emerges about bad behavior at banking institutions, many consumers are turning to peer-to-peer lending to obtain the funds they need. Here is the press release: 7 July 2012 (thisismoney.co.uk) – Disillusionment with the High Street banks has forced investors and borrowers to turn to more unconventional means to get either a decent [...]
Funding Circle Planning To Tap Government Investment Funds
London-based Funding Circle will apply for £30m of the government’s Business Finance Partnership investment funds of £500m. Here is the press release: LONDON – May 31 2012 – London-based Funding Circle will apply for a slice of the £100m the government is planning to invest in small businesses through alternative lenders. The peer-to-peer lender will [...]
Funding Circle’s Second Funding Round Raises £10 Million
Funding Circle announced £10 million ($16 million) of Series B financing secured from Index Ventures and Union Square Ventures. Here is the press release: 27 March 2012 Funding Circle secures £10m ($16m) from Index Ventures and Union Square Ventures as demand for non-bank lending continues to grow – £28 million ($45 million) lent to more [...]
P2P Finance Trade Association Launched in U.K.
Funding Circle, Zopa and RateSetter have teamed up to create the first trade association of companies in the peer-to-peer finance industry. The U.K. association, known simply as the Peer2Peer Finance Association, says on its website that it was setup to “primarily to ensure this innovative and fast growing sector maintains high minimum standards of protection [...]
Funding Circle Raises £2.5 Million in Venture Capital
Funding Circle, a U.K.-based peer-to-peer lending website that provides loans for small businesses, has raised £2.5 million in venture capital in a new round of fund led by Index Ventures. The company was launched in August 2010 and has had more than 4,000 businesses register for its service. The service has had £11.7 million in [...]
So far no one has lent me any money. I have noticed however that pretty much no one has been ...
P2P lending is heating up! These early companies exploring the platform will be very successful. I'm Impressed