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Peer2Peer Finance News | October 17, 2018

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Funding Circle launches new borrower referral incentive

Funding Circle launches new borrower referral incentive
Tim Evershed

FUNDING Circle is offering £1,500 in Amazon vouchers to anyone who refers a business that takes out a loan of £25,000 or more with the peer-to-peer lending platform.

The UK’s third-largest lender to small businesses said the borrowers may need the cash to grow, refurbish, buy stock or equipment, hire more staff or simply boost their cash flow.

The business can apply online, which takes 10 minutes, and will receive a £100 Amazon voucher themselves.

Read more: Funding Circle boosts IPO rumours after naming first female NED

When they apply, they must tell their Funding Circle account manager about the referral and the vouchers will be paid once the loan has been successfully taken out.

Cumulative lending through Funding Circle globally has now surpassed £4.5bn and the company is now poised for a £1bn IPO.

Read more: Funding Circle fund raises £25.5m via oversubscribed share sale