It was a landmark day for fintech in London as Funding Circle became the first UK marketplace lender to complete...
The most anticipated fintech IPO in the UK is finally going to happen. Yesterday, small business lender Funding Circle filed...
It has been a long time since OnDeck and LendingClub went public in the US; the shares of both companies are down significantly since that time; now Funding Circle is planning to go public as late autumn, but what is the right valuation for the company? Financial Times reviews Funding Circle’s business and the importance of whether investors value it as a finance or software business. Source
On Monday, Lending Club explained to retail investors how they could participate in their upcoming IPO. They did not choose...
The online lender has named Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and Numis Corp to work on their upcoming IPO; the IPO is currently slated for the second or third quarter which may value the company around $2 billion; if successful it would be the largest IPO for a British fintech company; Index Ventures, Union Square Ventures and Accel Partners were early investors in the company. Source
According to The Times, sources say Funding Circle is in no hurry to do an IPO, but if the markets continue to be favorable they may go public in the second half of the year; article also shares the potential in their US business where they have much less brand awareness compared to the UK; there are some concerns from clients and investors that the company has not yet been through a recession as they look at an IPO; Funding Circle currently has 850 employees and last raised £82 million at a £990 million valuation. Source
There has been a lull in US based fintech IPOs over the past several years. Both LendingClub and OnDeck went...
GreenSky’s IPO could price as soon as Wednesday and may pave the way for other fintech IPOs going forward; the...
Nubank and Banco Inter are moving away from the local stock exchange, while other Brazilian fintechs skip the market altogether.