Funding Circle

Funding Circle is an online marketplace for business loans, where people and organizations can directly lend to small businesses. The Company enables investors to lend small amounts to multiple creditworthy businesses to spread their risk. In turn, it allows businesses to borrow from a multitude of people through an auction mechanism to get lower interest rates.

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
368 (est)-4%
Funding Circle was founded in 2010 and is headquartered in London, GB

Key People at Funding Circle

Samir Desai

Samir Desai

Co-founder, Chief Executive Officer
Sean Glithero

Sean Glithero

Chief Financial Officer
Sam Hodges

Sam Hodges

Co-founder, U.S. Managing Director
Lisa Jacobs

Lisa Jacobs

Chief Strategy Officer
Darryl Bowman

Darryl Bowman

Chief Marketing Officer
David Yu

David Yu

Chief Product Officer
Lucy Vernall

Lucy Vernall

General Counsel
Jerome Le Luel

Jerome Le Luel

Chief Risk Officer
Panni Morshedi

Panni Morshedi

CE Managing Director
James Meekings

James Meekings

Co‑founder, UK Managing Director
Pam Burton

Pam Burton

UK Chief Operating Officer

Funding Circle Office Locations

Funding Circle has offices in London, San Francisco and Berlin
London, GB (HQ)
71 Queen Victoria St
Berlin, DE
30 Schreiberhauer Str.
San Francisco, US
747 Front St

Funding Circle Data and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$531.2 m

Latest funding size

$100 m

Time since last funding

7 months

Investors

Funding Circle's latest funding round in January 2017 was reported to be $100 m. In total, Funding Circle has raised $531.2 m. Funding Circle's latest valuation is reported to be $1 b.

Funding Circle Financial Metrics

Funding Circle's revenue was reported to be £23.8 m in FY, 2015 which is a 101% increase from the previous period.
GBP

Revenue (FY, 2015)

23.8 m

Revenue growth (FY, 2014 - FY, 2015), %

101%

Gross profit (FY, 2015)

17.8 m

Gross profit margin (FY, 2015), %

75%

Net income (FY, 2015)

(39.6 m)

Market valuation

1 b

Cash (31-Dec-2015)

86.3 m
GBPFY, 2013FY, 2014FY, 2015

Revenue

5.3 m11.8 m23.8 m

Revenue growth, %

122%101%

Cost of goods sold

1.2 m2.6 m6 m

Gross profit

4.2 m9.3 m17.8 m

Gross profit Margin, %

78%78%75%

Operating expense total

8.5 m19.7 m35.4 m

Pre tax profit

(5.3 m)(19.4 m)(39.5 m)

Net Income

(5.1 m)(19.4 m)(39.6 m)
GBPFY, 2013FY, 2014FY, 2015

Cash

19.4 m35 m86.3 m

Accounts Receivable

2.5 k42.6 k512.4 k

Current Assets

20.3 m42.7 m99.5 m

PP&E

674.7 k2.7 m6.4 m

Goodwill

9.1 m9.6 m39.3 m

Total Assets

30 m55 m145.2 m

Accounts Payable

682.5 k1.1 m2.2 m

Current Liabilities

2.4 m6.4 m11.7 m

Total Liabilities

2.5 m8.1 m12 m

Retained Earnings

(5.1 m)(19.4 m)(39.6 m)

Total Equity

27.6 m46.9 m133.2 m

Financial Leverage

1.1 x1.2 x1.1 x
GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

(4.9 m)(18.9 m)(35.4 m)

Cash From Financing Activities

19 m36.6 m95.1 m

Income Taxes Paid

233.8 k(39.4 k)
GBPY, 2015

Revenue/Employee

117.7 k

Financial Leverage

1.1 x

Funding Circle Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
ZencapOctober 20, 2015
LeapPayAugust 26, 2014
Endurance Lending NetworkOctober 25, 2013

Funding Circle Job Categories

Traffic Overview of Funding Circle

Funding Circle Online and Social Media Presence

Funding Circle News and Updates

Zopa just got full approval as a P2P lender from the FCA

Zopa has become the UK's biggest peer-to-peer lender (P2P) to date to be granted full approval by the City watchdog. The Financial Conduct Authority (FCA) has given the firm the green light after two years of waiting, paving the way for Zopa to launch an Innovative Finance Isa (Ifisa) Read mor…

Zopa becomes the first of the 'Big 3' peer-to-peer lenders to be authorised by the City watchdog

LONDON — Zopa has become the first of the UK's 'Big 3' peer-to-peer lenders to gain full authorisation from the Financial Conduct Authority (FCA). Zopa announced on Thursday that it has gained full authorisation from the FCA, almost two years after it applied in 2015. CEO Ja…

Startup investment in the UK is still 'stagnant' — but crowdfunding is getting a boost

LONDON — Investment in British startups and growth-stage companies remains "stagnant," according to new data from investment tracking platform Beauhurst. Investment increased by 2.2% in the first quarter, hitting £938 million. Deal numbers also increased by 2.7%. But while t…

One of the largest UK alt lenders is making moves

This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. As the UK's marketplace lending industry matures, the largest players are making moves to reinforce their leadership positions, with RateSetter, the U…

Europe Sees Major Spike In Fintech Startup Investment

Check out even more content at Future of Fintech 2017. Use code “FoFInsights” to get $1000 off your ticket. Amid a number of regulatory initiatives including a “sandbox” dedicated to early-stage fintech startups in the UK and major forthcoming shifts in … Continued

An obscure regulatory debate has put the entire U.S. fintech community on edge

 An obscure request for comments on regulatory standards, released by the Office of the Comptroller of the Currency (OCC) last March, has since evolved into a complex turf war between the states and Washington DC. Caught in the middle is the entire online finance industry, raising the question of ju…
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Funding Circle Company Life and Culture

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