Funding Circle

Funding Circle is a business that offers loans. Initially, it was a marketplace where individuals could make loans to other individuals or small and medium-sized enterprises. Businesses can acquire financing at lower rates than they would get from a bank, and individuals can earn a return on their money by lending it out. As of March 2022, it was reported that the loan option for "retail investors" would be permanently terminated, a decision that had been in the works since 2020.

Funding Circle has helped small and medium-sized businesses access nearly £13.7 billion in loans as of March 2022. The stock of the corporation trades on the London Stock Exchange. Funding Circle announced the temporary suspension of their secondary market for loan components on April 9, 2020, saying, "We have taken the decision to pause the secondary market while we continue to evaluate the potential impact of COVID-19." The firm said it was leaving the P2P lending sector entirely on March 10, 2022, to focus solely on commercial lending.

Founded: August 2010
Headquarters: Queen Victoria Street, London, EC4
Website: www.fundingcircle.com