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 Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (May 2020)1,055(+11%)
Job Openings19
Revenue (FY, 2018)£141.9 M(+51%)
Share Price (Nov 2020)£0.9 (+4%)
Cybersecurity ratingBMore

Key People/Management at Funding Circle

Vipul Chhabra

Vipul Chhabra

U.S. Managing Director
Lisa Jacobs

Lisa Jacobs

Europe Managing Director
Swati Lay

Swati Lay

Chief Technology Officer
Jerome le Luel

Jerome le Luel

Chief Risk Officer
Oliver White

Oliver White

Chief Financial Officer
Lucy Vernall

Lucy Vernall

Company Secretary, General Counsel and Chief People Officer
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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 (13-Nov-2020)

316.5m

Closing stock price (13-Nov-2020)

0.9

Cash (31-Dec-2018)

333.0m
Funding Circle's current market capitalization is £316.5 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)
GBPFY, 2010

Financial Leverage

1.2 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£8.30

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Funding Circle Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

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

Peer to Peer (P2P) Lending 2020 Global Market Key Players - Funding Circle Limited, LendUp, Auxmoney GmbH, Peerform, onDeck Capital, Inc. - Analysis And Forecast To 2026

New Study Reports “Peer to Peer (P2P) Lending Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

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 The post Funding Circle losses deepen as pandemic hits peer-to-peer lending momentum appeared first on CityAM.

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 …
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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 Vipul Chhabra, Lisa Jacobs and Swati Lay.

  • 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, Crowdo and Mekar.

  • 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.