Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1060444424
April 4 2018

Funding Circle continues US expansion with new Denver office

Tim Evershed Global News, News Bernardo Martinez, Colorado, Denver, Funding Circle, PayPal

FUNDING Circle is continuing its US expansion with the opening of a new office in Denver, Colorado.

The peer-to-peer lending platform said it is aiming to hire about 290 new employees over the next two years to support its growth in the area.

The expansion follows rapid growth for Funding Circle in the US, with more than $1bn (£716m) lent in the country since 2014 and $500m in 2017 alone.

Last month Funding Circle US named former PayPal executive Bernardo Martinez as its managing director.

“Denver today serves a hub for both the financial services and technology industries, making it an ideal second home for us in the United States,” said Martinez. “We are excited to become part of the Denver community and grow our team in the Mile High City.”

READ MORE: Funding Circle hires four banks for stock market flotation

In January, Funding Circle US unveiled a strategic partnership with Intrust Bank, a regional lender based in Kansas. The initial phase consists of Intrust funding US small business loans originated through Funding Circle’s platform.

The later stages will include increased investment, with a view to a multi-year funding programme, and joint digital and direct marketing campaigns.

Funding Circle, which launched in the UK in 2010, has now lent more than $5bn to more than 40,000 businesses globally.

READ MORE: Funding Circle to launch two new mobile apps this year

Share buybacks help boost P2PGI NAV Welendus loanbook hits £100,000 in just three months

Related Posts

Plant Growing Out Of Coin Jar On Table In Office -  Investing / Business Success Concept

Industry News, News, Top 3

Abundance Investment working on “new opportunities”

Model Houses Hanging By Strings

Industry News, News, Top 3

LendInvest bond value lost £5.8m during pandemic

Sonnenuntergang hinter den modernen Wolkenkratzern der Skyline von London, Großbritannien

Industry News, News, Top 3

Everything we know about the CBILS successor scheme (so far)

Popular posts:

  • Government responds to P2P fraud query
  • FCA lumps P2P lending in with higher risk products again
  • The alternative lenders accredited for CBILS
  • 4th Way gives its views on Zopa and Funding Circle returns
  • Funding Circle to offer first and second draw PPP loans
  • SME lender warns many companies will not survive
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by