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Peer2Peer Finance News | July 23, 2019

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Samir Desai

Funding Circle halves revenue growth forecast

July 2, 2019 |

FUNDING Circle has cut its growth forecasts for 2019 due to economic uncertainty and lower demand for its business loans.

The publicly-listed peer-to-peer business lender said in a half-year update that it is anticipating revenue growth of around 20 per … Read More

Will new institutional products drive out the retail investor?

June 12, 2019 |

A NUMBER of purely institutional products have been unveiled recently in the peer-to-peer lending sector. Is this to the benefit or detriment of the retail investor?

In April, Funding Circle announced that it was winding down its dedicated investment trust … Read More

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