Tagged: funding circle

All Non-Essential UK Retail Businesses May Reopen from April 12, 2021, Funding Circle Confirms while Sharing Other Small Business Tips

Online lender Funding Circle (LSE:FCH) recently noted in blog to its small business customers what the roadmap out of the COVID-19 lockdown means for small businesses. On February 22, 2021, the UK government announced its “highly anticipated” four-phase roadmap out of the Coronavirus-related lockdown —… Read More

UK’s CBILS Scheme has Become Viable Investment Opportunity for Credit Funds and Specialty Lenders

An article from Global Capital notes that more securitizations of United Kingdom government-backed SME loans are being carried out in private. Last month, Funding Circle had reportedly finalized a deal with Sixth Street and Barclays. Since the UK’s Coronavirus Business Interruption Loan Scheme (CBILS) was… Read More

Loans Sold by Funding Circle to Azzurro Associates May Get Scrutiny: Report

Online lender Funding Circle (LSE:FCH) has apparently sold 300 individual loans to Azzurro Associates, a subsidiary of  Elliott Management, a US-based fund manager with approximately $41 billion in assets. The sale of these loans may garner additional regulatory scrutiny as they include personal guarantees from… Read More

Funding Circle the 5th Largest CBILS Lender

Funding Circle (LSE: FCH) has emerged as the 5th largest Coronavirus Business Interruption Lending Scheme (CBILS) originator, according to the company Funding Circle is a top Fintech lender serving the SME market in the UK and several other countries. During its most recent earnings release, Funding… Read More

Online SME Lender Funding Circle Acquires £30 Million from British Business Investments

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, has acquired £30 million in capital from British Business Investments. British Business Investments operates as a commercial subsidiary of the British Business Bank. Funding Circle plans to… Read More

Online SME Lender Funding Circle Comments on CBILS Deadline Extension, Explains How to Apply

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Coronavirus Business Interruption Loan Scheme (CBILS) was originally scheduled to end on September 30, 2020. But the UK government has confirmed that the CBILS… Read More

Funding Circle Founder and CEO Purchases 163,017 Shares in the Company as Online Lender Reports Loss

Funding Circle (LSE:FCH) founder and CEO Samir Desai has purchased 163,017 shares in his company at an average per-share price of £0.6201696 according to a filing with the London Stock Exchange (LSE). Funding Circle went public in 2018 at a price per share of 440… Read More

Online SME Lender Funding Circle Confirms BBLS and CBILS Loan Schemes Ending Soon, Explains How to Apply

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Bounce Back Loan Scheme (BBLS) will be ending in early November of this year. The BBLS has been provided via the British Business Bank… Read More

UK SME Lender Funding Circle Is Reevaluating whether to Leverage Open Banking to Improve Customer Experience

Funding Circle lobby

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

SME Lender Funding Circle Reports that Millions of UK Consumers have Switched to Local Businesses

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, recently noted that as the Coronavirus-related lockdown measures are eased, many businesses in the United Kingdom are preparing to open up again. However, even for businesses that… Read More

Digital Bank Starling Facilitates the Disbursement of £654 Million in Loans under UK’s BBLS to 24,000 Businesses

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

36H Group and the Future of Fintech: We should leverage the innovation in financial services and use it to enable economic recovery

The 36H Group launched in January of 2020 as the unified voice for lending platforms that accept retail investments. 36H replaced the UK Peer to Peer Finance Association, a group that had long been a prominent advocate for the emerging P2P lending sector – a… Read More

Fintech Insider Says Online Lenders are Struggling Due to US Government Programs Supporting Businesses During COVID-19

Yesterday, Crowdfund Insider reported on layoffs at OnDeck (NYSE:ONDK) – an SME focused online lender. Like many online lenders, COVID-19 has hit this sector of Fintech hard. Looking for additional insight into the challenges the industry CI reached out to an industry insider for their perspective… Read More

Online SME Lender Funding Circle Posts Update on UK COVID-19 Support Schemes, US PPP Loans

Funding Circle (LSE:FCH) has posted an update on its participation and support of COVID-19 relief programs. Funding Circle is facilitating programs in both the US and UK. The SME online lender is participating in the British Business Bank’s (BBB) Coronavirus Business Interruption Loans Scheme (CBILS) and… Read More

Funding Circle Updates on COVID-19 Impact, Hires More Collections Employees, Strikes Positive Note

Funding Circle (LSE:FCH) Global Chief Risk Officer Jerome Le Luel has posted on update on the impact of the COVID-19 pandemic on platform operations. Le Luel said that while the full economic impact of the virus remains unknown and it is too early to predict… Read More

Starling Bank CEO Provides Update on CBILS Lending, Doubles as Customer Support

Starling Bank, a leading UK digital bank, has been moving rapidly to implement COVID-19 business relief programs authorized by the UK government. Starling is the first Fintech to be approved as a Bounce Back Loan (BBLS) provider and, earlier this week, Starling and Funding Circle… Read More

Starling Bank and Funding Circle Form Partnership on SME Lending Under CBILS

Digital bank Starling and Funding Circle (LSE: FCH), a marketplace lending platform serving SMEs, have formed a strategic partnership to provide loans to small businesses under the Coronavirus Business Interruption Loan Scheme (CBILS). According to a note from Starling, the bank will lend via Funding… Read More

Online SME Lender Funding Circle Approved for CBILS Lending

SME Marketplace lending platform Funding Circle (LSE:FCH) has been approved by the British Busines Bank as a lender under the  Coronavirus Business Interruption Loan Scheme (CBILS). The online lender becomes one of a handful of Fintechs in the UK facilitating the program. Funding Circle said… Read More

Funding Circle Receives Approval to Issue Paycheck Protection Program Loans

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, announced on Wednesday it has received approval to issue Paycheck Protection Program (PPP) loans through its online lending platform. As previously reported, the PPP is part of… Read More

Funding Circle Decides to Pause Secondary Market Due to COVID-19

Funding Circle (LSE:FCH), an SME lender that facilitates loans in both the US and parts of Europe, has decided to pause its secondary market due to the COVID-19 pandemic, according to a blog post. Funding Circle has recently taken multiple actions to buttress the platform… Read More

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