$1 B

Funding Circle Mkt valuation

£50.9 M

Funding Circle Revenue FY, 2016
Funding Circle Revenue growth (FY, 2015 - FY, 2016), %59%
Funding Circle Net income (FY, 2016)-46.6 M
Funding Circle EBIT (FY, 2016)-51.8 M
Funding Circle Cash, 31-Dec-201643.3 M

Funding Circle Funding

Summary Metrics

Founding Date

2010

Funding Circle total Funding

$413.2 m

Funding Circle latest funding size

$100 m

Time since last funding

2 years ago

Funding Circle investors

Funding Circle's latest funding round in January 2017 was reported to be $100 m. In total, Funding Circle has raised $413.2 m. Funding Circle's latest valuation is reported to be $1 b.

Funding Circle Capital Raised

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Funding Circle Revenue Breakdown

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

Funding Circle Income Statement

Annual

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, %

101%59%

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 mwdxefcqufszuzezftuxetqsqxt

Gross profit Margin, %

88%77%78%77%63%

Operating expense total

542.9 k1.6 m5.6 m9.4 m29.6 m71.7 m102.7 m

EBITDA

(516.8 k)(1.1 m)(4.1 m)(5.1 m)(19.1 m)

EBITDA margin, %

(2096%)(225%)(210%)(95%)(146%)

EBIT

(518.2 k)(1.1 m)(4.1 m)(5.2 m)(19.6 m)(39.7 m)(51.8 m)

EBIT margin, %

(2101%)(226%)(212%)(97%)(149%)(124%)(102%)

Interest income

217.3 k694.4 k

Pre tax profit

(518 k)(1.3 m)(4.3 m)(5.3 m)(19.4 m)(39.5 m)(47.2 m)

Income tax expense

187.9 k233.8 k39.4 k(622.3 k)

Net Income

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

Funding Circle Balance Sheet

Annual

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

Cash

195.7 k1.5 m7.3 m19.4 m35 m86.3 m43.3 m

Accounts Receivable

1.5 k2.5 k42.6 k512.4 k850.9 k

Prepaid Expenses

1.1 m2.3 m

Current Assets

227.9 k1.6 m7.8 m20.3 m42.7 m99.5 m56.4 m

PP&E

4 k32.9 k401.6 k674.7 k1.1 m4.6 m5.1 m

Goodwill

35.1 m41.4 m

Total Assets

231.9 k1.6 m8.2 m30 m55 m145.2 m115.8 m

Accounts Payable

18.7 k114.3 k306.4 k682.5 k1.1 m2.2 m1.6 m

Current Liabilities

39.7 k319.4 k993.9 k2.4 m6.4 m11.7 m11.2 m

Non-Current Liabilities

2.2 m2.3 m116 k1.7 m294 k409.2 k

Total Liabilities

39.7 k2.6 m3.3 m2.5 m8.1 m12 m11.6 m

Common Stock

229.4 k230.2 k

Additional Paid-in Capital

74.3 k74.3 k106 k168.8 k190.7 k195.9 m195.9 m

Retained Earnings

(518 k)(1.3 m)(4.1 m)(5.1 m)(19.4 m)(70 m)(116.7 m)

Total Equity

192.2 k(940.3 k)4.9 m27.6 m46.9 m133.2 m104.2 m

Financial Leverage

1.2 x-1.7 x1.7 x1.1 x1.2 x1.1 x1.1 x

Funding Circle Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

1.3 m4.2 m

Accounts Receivable

(2.2 m)(2.7 m)

Accounts Payable

1.4 m(870 k)

Cash From Operating Activities

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

Purchases of PP&E

(4.3 m)(1.7 m)

Cash From Investing Activities

(10.1 m)(6.1 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)

Funding Circle Ratios

GBPY, 2016

Revenue/Employee

176.8 k

Financial Leverage

1.1 x
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Funding Circle Operating Metrics

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

Loans under Management

£845.60 m£1.37 b

Loans Originated

£727.65 m£1.07 b

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

Loans Originated (UK)

£530.59 m£823.19 m£1.26 b£354.70 m

Loans Originated (UK), units

7.44 k11.11 k18.09 k5.43 k

Lenders

80 k

Small Businesses Served

50 k
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Funding Circle Human Capital

Funding Circle's employees are reported to be approximately 37% female and 63% male.

Ethnicity

Y, 2017
White54 %
Asian30 %
Hispanic10 %
Other6 %
Y, 2017Q1, 2015Y, 2014
Male63 %70 %70 %
Female37 %30 %30 %

Job Roles

Q1, 2015Y, 2014
Operations26 %26 %
Technology36 %38 %
Business / Sales38 %36 %
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