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.

Type
Private
HQ
London, GB
Founded
2010
Size (employees)
447 (est)+3%
Funding Circle was founded in 2010 and is headquartered in London, GB
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Key People/Management at Funding Circle

Samir Desai

Samir Desai

Co-founder, Chief Executive Officer
Sean Glithero

Sean Glithero

Chief Financial Officer
Pam Burton

Pam Burton

Chief Operating Officer
Lisa Jacobs

Lisa Jacobs

Chief Strategy Officer
Sam Hodges

Sam Hodges

Co-founder, U.S. Managing Director
Darryl Bowman

Darryl Bowman

Chief Marketing Officer
David Yu

David Yu

Chief Product Officer
Eric Daniels

Eric Daniels

Non-executive Director
Harry Nelis

Harry Nelis

Non-executive Director
Neil Rimer

Neil Rimer

Non-executive Director
Bob Steel

Bob Steel

Non-executive Director
Ed Wray

Ed Wray

Non-executive Director
Lucy Vernall

Lucy Vernall

General Counsel, Company Secretary
Jerome Le Luel

Jerome Le Luel

Chief Risk Officer
Panni Morshedi

Panni Morshedi

Managing Director, Continental Europe
James Meekings

James Meekings

Co-founder, UK Managing Director
Sachin Patel

Sachin Patel

Chief Capital Officer
Maria Weaver

Maria Weaver

Chief People Officer

Funding Circle Office Locations

Funding Circle has an office in San Francisco, London, Berlin and Manchester
London, GB (HQ)
71 Queen Victoria St
Berlin, DE
30 Schreiberhauer Str.
San Francisco, US
747 Front St
Show all (4)
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Funding Circle Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$531.2 m

Latest funding size

$100 m

Time since last funding

a year ago

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 Financials

Funding Circle's revenue was reported to be £50.88 m in FY, 2016
GBP

Revenue (FY, 2016)

50.9 m

Net income (FY, 2016)

(46.6 m)

EBITDA (FY, 2016)

(47.6 m)

EBIT (FY, 2016)

(51.8 m)

Market valuation

1 b

Cash (3-Feb-2018)

43.3 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

24.7 k505.6 k1.9 m5.4 m13.1 m32 m50.9 m

Revenue growth, %

122%101%

Cost of goods sold

60.3 k440.1 k1.2 m3 m11.9 m

Gross profit

445.3 k1.5 m4.2 m10.1 m20.1 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(518 k)(1.3 m)(4.1 m)(5.1 m)(19.4 m)(39.6 m)(46.6 m)

Cash From Operating Activities

(3.9 m)(4.9 m)(18.9 m)(35.4 m)(40 m)

Cash From Financing Activities

9.9 m19 m36.6 m95.1 m(12.9 k)

Net Change in Cash

5.8 m12.3 m16.8 m49.5 m(46.1 m)
GBPY, 2016

Revenue/Employee

176.8 k

Financial Leverage

1.1 x
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Funding Circle Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Zencap October 20, 2015
LeapPay August 26, 2014
Endurance Lending Network October 25, 2013
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Funding Circle News and Updates

Peer-to-peer lending platform Funding Circle authorised by FCA

Funding Circle, a peer-to-peer lending platform which allows people and organisations to lend to small businesses, received full authorisation today from the Financial Conduct Authority (FCA). This means that Funding Circle may now launch an Innovative Finance Isa (Ifisa), which allows investors …
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