OverviewSuggest Edit

Funding Circle is a company developing an SME (small and medium enterprise) lending platform that enables small businesses to access finance directly from investors. It allows investors to lend small amounts to creditworthy businesses. In turn, the platform enables businesses to borrow from a range of people through an auction mechanism.
TypePublic
Founded2010
HQLondon, GB
Websitefundingcircle.com
Employee Ratings3.9
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)1,055(+11%)
Job Openings59
Revenue (FY, 2019)£167.4 M(+18%)
Share Price (Apr 2021)£1.5(+9783%)
Cybersecurity ratingBMore

Key People/Management at Funding Circle

Samir Desai

Samir Desai

Founder, Chief Executive Officer & Director
Swati Lay

Swati Lay

Chief Technology Officer
Jerome le Luel

Jerome le Luel

Chief Risk Officer
Oliver White

Oliver White

Chief Financial Officer, Director
Lucy Vernall

Lucy Vernall

Company Secretary, General Counsel and Chief People Officer, Director
Sachin Patel

Sachin Patel

Chief Capital Officer
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Funding Circle Office Locations

Funding Circle has offices in London, Denver, San Francisco, Berlin and in 1 other location
London, GB (HQ)
71 Queen Victoria St
Berlin, DE
Bergmannstraße 72
Amsterdam, NL
Strawinskylaan 1
Denver, CO, US
707 17th St #2200
San Francisco, CA, US
85 2nd St #400, San Francisco
Show all (5)

Funding Circle Financials and Metrics

Funding Circle Revenue

Funding Circle's revenue was reported to be £167.4 m in FY, 2019 which is a 18% increase from the previous period.
GBP

Revenue (H1, 2020)

5.1m

Net income (H1, 2020)

(115.2m)

EBIT (H1, 2020)

(113.5m)

Market capitalization (1-Apr-2021)

536.6m

Closing stock price (1-Apr-2021)

1.5

Cash (30-Jun-2020)

131.2m

EV

1.2b
Funding Circle's current market capitalization is £536.6 m.
Annual
GBPFY, 2017FY, 2018FY, 2019

Revenue

94.5m141.9m167.4m

Revenue growth, %

86%50%18%

Sales and marketing expense

38.7m57.8m66.5m

General and administrative expense

52.3m79.2m90.3m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

63.0m81.4m5.1m

Sales and marketing expense

24.7m35.2m22.4m

General and administrative expense

38.3m45.5m48.3m

Operating expense total

89.9m112.7m118.6m
Annual
GBPFY, 2017FY, 2018FY, 2019

Cash

88.9m333.0m164.5m

Accounts Receivable

1.7m1.2m900.0k

Prepaid Expenses

3.7m6.0m4.2m

Current Assets

105.4m360.7m906.7m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

65.2m270.0m131.2m

Current Assets

89.8m477.7m926.4m

PP&E

26.9m25.3m36.1m

Total Assets

176.3m576.6m1.0b
Annual
GBPFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

6.8m8.3m14.9m

Accounts Payable

4.5m8.6m700.0k

Cash From Operating Activities

(22.6m)(28.5m)(27.0m)

Purchases of PP&E

(1.3m)(2.3m)(2.7m)
Half Year
GBPH1, 2018H1, 2019H1, 2020

Depreciation and Amortization

6.1m7.1m8.2m

Accounts Payable

6.1m6.2m4.8m

Cash From Operating Activities

(15.4m)(18.1m)(600.0k)

Purchases of PP&E

(1.3m)(2.2m)(400.0k)
GBPFY, 2017

Revenue/Employee

232.6k

Financial Leverage

1.1 x
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Funding Circle Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018H1, 2019FY, 2019H1, 2020

Loans Under Management

£845.6 m£1.37 b£2.11 b£3.15 b£3.54 b£3.7 b£3.72 b

Loans Originated

£727.65 m£1.07 b£1.74 b£2.29 b£1.19 b£2.4 b£1.11 b

Loans Under Management (UK)

£653.2 m£1.03 b£1.58 b£2.18 b£2.58 b£2.57 b

Loans Under Management (UK), units

12.16 k18.83 k30.35 k
Show all operating metrics

Funding Circle Acquisitions / Subsidiaries

Company NameDateDeal Size
ZencapOctober 20, 2015
LeapPayAugust 26, 2014
Endurance Lending NetworkOctober 25, 2013
FC Capital US, LLC
FC Depositor US LLC
FC Forderungsmanagement GmbH
FC Marketplace, LLC
FC Partners, LLC
FC Partners, LP
Funding Circle Asset Finance Limited
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Funding Circle Revenue Breakdown

Embed Graph

Funding Circle revenue breakdown by business segment: 72.4% from Transaction fees, 18.2% from Servicing Fees, 6.3% from Net investment income and 3.2% from Other

Show all human capital metrics

Funding Circle Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Funding Circle Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Funding Circle Online and Social Media Presence

Embed Graph

Funding Circle Company Culture

  • Overall Culture

    B

    78/100

  • CEO Rating

    A

    82/100

  • Compensation

    B

    79/100

  • Diversity

    B

    81/100

Learn more on Comparably

Funding Circle News and Updates

Covid support scheme lands Funding Circle record loans under management

The number of loans under management at lending platform Funding Circle hit a record in 2020, with the firm’s involvement The post Covid support scheme lands Funding Circle record loans under management appeared first on CityAM.

Covid loan schemes help Funding Circle boost income

Lending platform Funding Circle saw total income rise in the second half of the year helped by record loans under management. Total income rose 26 per cent to £121m helped by a strong performance by its UK operations, which grew 60 per cent to £94m.

Funding Circle losses deepen as pandemic hits lender's momentum

Funding Circle’s operating losses more than tripled in the first half of the year as the coronavirus pandemic hit its peer-to-peer lending business. The lender, which matches borrowers with retail and institutional investors, reported an operating loss of £113.5m for the six months to 30 June, mor…

Starling and Funding Circle to provide £300m in small business loans

Starling Bank and Funding Circle today said they have teamed up to provide £300m in loans to small firms under the coronavirus business interruption loan scheme (CBILS). Starling will lend through Funding Circle alongside other institutional investors, granting access to funding for more than 4,000…

Funding Circle becomes the first newly accredited marketplace lending platform under CBILS

Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed …

Funding Circle receives accreditation for government’s CBILS coronavirus loan scheme

Peer-to-peer lender Funding Circle said today it had received accreditation from the British Business Bank (BBB) to take part in the government’s coronavirus business interruption loan scheme (CBILS). It is the first alternative lender to receive accreditation to lend to customers via the emergency…
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Funding Circle Frequently Asked Questions

  • When was Funding Circle founded?

    Funding Circle was founded in 2010.

  • Who are Funding Circle key executives?

    Funding Circle's key executives are Samir Desai, Swati Lay and Jerome le Luel.

  • How many employees does Funding Circle have?

    Funding Circle has 1,055 employees.

  • What is Funding Circle revenue?

    Latest Funding Circle annual revenue is £167.4 m.

  • What is Funding Circle revenue per employee?

    Latest Funding Circle revenue per employee is £158.7 k.

  • Who are Funding Circle competitors?

    Competitors of Funding Circle include iwoca, RateSetter and Zopa.

  • Where is Funding Circle headquarters?

    Funding Circle headquarters is located at 71 Queen Victoria St, London.

  • Where are Funding Circle offices?

    Funding Circle has offices in London, Denver, San Francisco, Berlin and in 1 other location.

  • How many offices does Funding Circle have?

    Funding Circle has 5 offices.