Funding Circle Sees Sales Jump and Losses Widen

UK based Funding Circle is expected to report sales are up 48 percent and losses widened 38 percent in the previous 12 months; the platform originated 40 percent more loans and loans under management jumped 55 percent; Chief executive Samir Desai tells AltFi, “Funding Circle delivered a strong end to 2018 which resulted in exceeding our revenue and loans under management guidance for the year.”; analysts think the company is in for a tough 2019 with signs of a potential global economic slowdown and the prospect of Brexit looming. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.