OverviewSuggest Edit

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.

TypePublic
Founded2010
HQSan Francisco, US
Websitefundingcircle.com
Employee Ratings3.4
Culture scoreB

Latest Updates

Employees (est.) (May 2020)1,055(+11%)
Job Openings5
Revenue (FY, 2018)£141.9 M(+51%)
Share Price (May 2020)£90 (+15%)

Key People/Management at Funding Circle

Lisa Jacobs

Lisa Jacobs

U.K. Managing Director
Swati Lay

Swati Lay

Chief Technology Officer
Jerome le Luel

Jerome le Luel

Chief Risk Officer
Bernardo Martinez

Bernardo Martinez

U.S. Managing Director
Panni Morshedi

Panni Morshedi

Continental Europe, Managing Director
Lucy Vernall

Lucy Vernall

General Counsel & Chief People Officer, Company Secretary
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Funding Circle Office Locations

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

Funding Circle Financials and Metrics

Funding Circle Revenue

Funding Circle's revenue was reported to be £141.90 m in FY, 2018
GBP

Revenue (FY, 2018)

141.9m

Net income (FY, 2018)

(49.3m)

EBITDA (FY, 2018)

(44.8m)

EBIT (FY, 2018)

(51.6m)

Market capitalization (21-May-2020)

314.2m

Closing stock price (21-May-2020)

90.0

Cash (31-Dec-2018)

333.0m
Funding Circle's current market capitalization is £314.2 m.
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

24.7k505.6k1.9m5.4m13.1m32.0m50.9m94.5m141.9m

Revenue growth, %

1950%281%178%145%144%59%86%

Cost of goods sold

60.3k440.1k1.2m3.0m11.9m

Gross profit

445.3k1.5m4.2m10.1m20.1m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

195.7k1.5m7.3m19.4m35.0m86.3m43.3m88.9m333.0m

Accounts Receivable

1.5k2.5k42.6k512.4k850.9k1.7m1.2m

Prepaid Expenses

1.1m2.3m

Current Assets

227.9k1.6m7.8m20.3m42.7m99.5m56.4m105.4m360.7m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(518.0k)(1.3m)(4.1m)(5.1m)(19.4m)(35.3m)(49.3m)

Depreciation and Amortization

1.3m4.2m

Accounts Payable

1.4m(870.0k)

Cash From Operating Activities

(3.9m)(4.9m)(18.9m)(35.4m)(40.0m)(22.6m)(28.5m)
GBPY, 2018

Revenue/Employee

148.7k

Financial Leverage

1.1 x
Show all financial metrics

Funding Circle Operating Metrics

FY, 2015FY, 2016FY, 2017Q1, 2018Aug, 2019

Loans under Management

£845.60 m£1.37 b

Loans Originated

£727.65 m£1.07 b£8

Loans under Management (UK)

£653.20 m£1.03 b£1.58 b£1.79 b

Loans under Management (UK), units

12.16 k18.83 k30.35 k33.74 k
Show all operating metrics

Funding Circle Acquisitions / Subsidiaries

Company NameDateDeal Size
ZencapOctober 20, 2015
LeapPayAugust 26, 2014
Endurance Lending NetworkOctober 25, 2013

Funding Circle Revenue Breakdown

Embed Graph

Funding Circle revenue breakdown by geographic segment: 22.8% from Rest of the World and 77.2% from UK

Human Capital Metrics

Embed Graph
Show all human capital metrics

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

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 post Starling and Funding Circle to provide £300m in small business loans appeared first on CityAM.

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...

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 post Funding Circle receives accreditation for government’s CBILS coronavirus loan scheme appeared first on CityAM.

Funding Circle is planning layoffs outside the UK amid increased losses

This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Throughout 2019, the UK-based marketplace lender lent out £1.6 billion …

Funding Circle retreats from Europe; lays of 125 staff

P2P lender Funding Circle is to lay off 125 staff as it scales back its European operations after bo...

Funding Circle to lay off 125 workers in Amsterdam and Berlin

Funding Circle will lay off 125 workers in Amsterdam and Berlin as British the peer-to-peer lender retreats from Europe to The post Funding Circle to lay off 125 workers in Amsterdam and Berlin appeared first on CityAM.
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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 Lisa Jacobs, 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 £141.9 m.

  • What is Funding Circle revenue per employee?

    Latest Funding Circle revenue per employee is £134.5 k.

  • Who are Funding Circle competitors?

    Competitors of Funding Circle include SoFi, AgriLend and Crowdo.

  • Where is Funding Circle headquarters?

    Funding Circle headquarters is located at 85 2nd St #400, San Francisco, San Francisco.

  • Where are Funding Circle offices?

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

  • How many offices does Funding Circle have?

    Funding Circle has 5 offices.