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Peer2Peer Finance News | January 23, 2019

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Richard Boleat

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Funding Circle fund to address opposition to key board appointments

September 7, 2018 |

A THIRD of investors in the Funding Circle SME Income Fund (FCIF) have expressed opposition to the re-election of senior executives Richard Boleat and Sachin Patel.

The investment trust held its annual general meeting this week, where 34.32 per cent … Read More

British Business Bank in talks to back £150m of Funding Circle loans

July 12, 2018 |

FUNDING Circle’s listed investment trust is in talks with the British Business Bank (BBB) about providing further funding through the peer-to-peer platform.

It comes as the Funding Circle SME Income Fund (FCIF) reported its net asset value (NAV) had increased … Read More

Funding Circle fund cuts dividend target as currency hedging costs rise

June 29, 2018 |

THE FUNDING Circle SME Income Fund (FCIF) has reduced its annual dividend target as a result of increased costs of hedging its portfolio’s currency exposure.

The investment trust, which backs loans across Funding Circle’s platforms in the UK, US, Germany … Read More

Funding Circle fund raises £25.5m via oversubscribed share sale

May 4, 2018 |

FUNDING Circle’s listed fund has raised £25.5m through the oversubscribed sale of treasury shares and is considering more issuances over the next few months.

Funding Circle SME Income Fund (FCIF), which is quoted on the London Stock Exchange, said on … Read More

Funding Circle SME fund size to double following C share merger

December 8, 2017 |

THE FUNDING Circle SME Income Fund (FCIF) is set to double the value of its assets after announcing plans to convert its conversion shares into the ordinary portfolio on 20 December.

The investment trust, which invests in loans on the … Read More

Funding Circle fund on track but warns of Brexit risks

July 14, 2017 |

FUNDING Circle’s listed fund performed in line with expectations in its first full year of operation, which saw its net asset value increase by 11 per cent to £164.8m.

The Funding Circle SME Income Fund, which is quoted on the … Read More

Funding Circle founder steps back from P2P investment trust

May 18, 2017 |

FUNDING Circle’s Samir Desai (pictured) has stepped down from the platform’s investment trust to focus on the peer-to-peer lending side of the business.

Desai, who was a non-executive and non independent director of the Funding Circle SME Income Fund (FCIF), launched … Read More

Funding Circle’s fund doubles in size after raising £142m

April 7, 2017 |

FUNDING Circle’s listed fund has doubled in size, thanks to a share placing that raised £142m.

The Funding Circle SME Income Fund, which is quoted on the main market of the London Stock Exchange, launched the fundraising last month … Read More

Funding Circle SME Income Fund launches C shares offer

March 16, 2017 |

THE FUNDING Circle SME Income Fund has launched its first conversion (C) share fundraising as part of plans to raise additional capital over the next 12 months.

The placing is open until 6 April at a price of 100p per C … Read More