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Peer2Peer Finance News | May 25, 2019

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Samir Desai

Funding Circle report finds banks are still snubbing SMEs

April 29, 2019 |

BANKS are still giving small – and medium-sized enterprises (SMEs) the cold shoulder a decade on from the financial crisis, new research claims.

A report, published by Oxford Economics and peer-to-peer business lender Funding Circle, found small firms are still … Read More

Funding Circle’s loans under management hit “new high” in Q1

April 18, 2019 |

FUNDING Circle’s loans under management soared to a “new high” of £3.4bn in the first three months of the year.

The peer-to-peer business lender unveiled its first-quarter trading update on Friday, which showed that loans under management rose by 44 … Read More

Funding Circle boss pocketed more than £4m last year

April 10, 2019 |

FUNDING Circle founder Samir Desai (pictured) earned more than £4m last year, having cashed in some of his shares at the time of the peer-to-peer lender’s stock market flotation.

Desai took home a salary of £210,000 last year, according to … Read More

Funding Circle investment trust to close as P2P lender unveils new institutional funds

April 5, 2019 |

FUNDING Circle’s dedicated investment trust is set to close as the peer-to-peer business lender unveils two new institutional funds to back loans on the platform.

The Funding Circle SME Income Fund (FCIF) said in an announcement this morning (5 April) … Read More

P2P to have strong presence at Innovate Finance Global Summit

March 27, 2019 |

FOUNDERS of the ‘big three’ peer-to-peer lenders are among the confirmed speakers at Innovate Finance Global Summit (IFGS), which takes place next month at London’s Guildhall.

Giles Andrews of Zopa, Samir Desai of Funding Circle and Rhydian Lewis of RateSetter … Read More

Funding Circle posts 55pc rise in revenues as it eyes Canada expansion

March 7, 2019 |

FUNDING Circle has reported a 55 per cent rise in full-year revenues, as it unveils plans to launch two new institutional investor products and expand into Canada.

The peer-to-peer business lender, which floated on the London Stock Exchange last October, posted … Read More

Funding Circle’s UK loanbook hits £4bn

January 17, 2019 |

FUNDING Circle’s UK loanbook has passed the £4bn mark after a bumper fourth quarter.

A fourth-quarter update from the FTSE 250-listed peer-to-peer business lending platform showed that UK investors have now funded £4.6bn of loans between 2012 and 2018.

It … Read More

Funding Circle unveils £1bn funding line

December 7, 2018 |

FUNDING Circle has secured a new £1bn funding facility from investment firm Waterfall Asset Management.

The peer-to-peer business lender said on Friday that Waterfall will invest in £1bn of loans originated via its platform over a two-year period.

Waterfall’s investment … Read More

Funding Circle eyes global expansion in 2019

November 20, 2018 |

FUNDING Circle is planning to enter a new country in 2019, its chief executive has revealed.

Speaking at the LendIt Fintech conference in London, Samir Desai (pictured), co-founder of Funding Circle, said the peer-to-peer lending giant had spent time bolstering … Read More

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