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)
438 (est)+3%
Funding Circle was founded in 2010 and is headquartered in London, GB

Key People/Management 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, Berlin and Manchester
London, GB (HQ)
71 Queen Victoria St
Berlin, DE
30 Schreiberhauer Str.
San Francisco, US
747 Front St

Funding Circle Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$531.2 m

Latest funding size

$100 m

Time since last funding

11 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 Financials

Funding Circle's revenue was reported to be £32 m in FY, 2015 which is a 144% increase from the previous period.
GBP

Revenue (FY, 2015)

32 m

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

101%

Gross profit (FY, 2015)

20.1 m

Gross profit margin (FY, 2015), %

63%

Net income (FY, 2015)

(39.6 m)

EBITDA (FY, 2015)

(38.3 m)

EBIT (FY, 2015)

(39.7 m)

Market valuation

1 b

Cash (31-Dec-2015)

86.3 m

EV

914 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

24.7 k505.6 k1.9 m5.4 m13.1 m32 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, 2015

Cash

195.7 k1.5 m7.3 m19.4 m35 m86.3 m

Accounts Receivable

1.5 k2.5 k42.6 k512.4 k

Current Assets

227.9 k1.6 m7.8 m20.3 m42.7 m99.5 m

PP&E

4 k32.9 k401.6 k674.7 k1.1 m4.6 m
    GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

    Net Income

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

    Cash From Operating Activities

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

    Cash From Financing Activities

    9.9 m19 m36.6 m95.1 m

    Net Change in Cash

    5.8 m12.3 m16.8 m49.5 m
      GBPY, 2015

      EV/EBITDA

      -23.9 x

      EV/EBIT

      -23 x

      EV/CFO

      -25.8 x

      Revenue/Employee

      158 k

      Financial Leverage

      1.1 x
      Show all financial metrics

      Funding Circle Acquisitions / Subsidiaries

      Acquired CompanyDateDeal Size
      ZencapOctober 20, 2015
      LeapPayAugust 26, 2014
      Endurance Lending NetworkOctober 25, 2013
      We estimate that Funding Circle's current employees are approximately 30% female and 70% male.
      Show all human capital metrics

      Funding Circle's Web-traffic and Trends

      Funding Circle Online and Social Media Presence

      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 …

      Funding Circle Company Life and Culture

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