Firm is currently launching a new C share to broaden its investment offering and increase assets under management which are currently at approximately 167 million British pounds ($206.25 million); this is one of the market's most recently launched closed end funds with a diversified portfolio of P2P business loans; in its initial launch it raised 150 million British pounds ($185.25 million); the fund has no management or performance fees and targets an annual total return of 8% to 9%. Source
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source
The strategic partnership is intended to increase funds available to smaller firms during the current pandemic; Starling is lending via...
Funding Circle has announced changes to its borrowing rates for small business loans as of November 7; rates will be lower for higher credit quality borrowers and higher for the lower credit quality loans; says with the new rates, investors can expect an average annual return of 7%. Source
Funding Circle US has posted several job openings in their capital markets unit including a job posting for a head of US capital markets; Albert Periu, former global co-head of capital markets, has left the firm and become founder of Neptune Financial; according to Funding Circle, Sachin Patel is currently managing global capital markets and he is planning to create a US capital markets team similar to its UK counterpart. Source
Funding Circle is the latest marketplace lender to announce a large financing round. The $150 million equity round...
[Editor’s note: This is a guest post from Ryan Weeks, formerly with Dow Jones and AltFi, covering fintech. This is...
According to the Liberum AltFi Volume Index, September 2016 originations for online lenders hit £364m in the UK. September was...
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[Editor’s note: This is a guest post from Funding Circle. Funding Circle is a platinum sponsor and will be in attendance at LendIt...