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Peer2Peer Finance News | September 23, 2019

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Samir Desai

Funding Circle US names PayPal exec as managing director

March 13, 2018 |

FUNDING Circle’s US division has named PayPal executive Bernardo Martinez as its new managing director.

Martinez, who was previously head of US small business lending at the online payments giant, replaces Sam Hodges, who will become chairman of Funding Circle US.

Prior … Read More

Funding Circle US partners with Kansas’s Intrust Bank

January 4, 2018 |

FUNDING Circle’s US division has unveiled a strategic partnership with Intrust Bank, a regional lender based in Kansas.

The peer-to-peer business finance provider, which has lent out more than $5bn (£3.69bn) globally, said on Thursday that the partnership will be … Read More

Funding Circle poised for £1bn float

January 2, 2018 |

FUNDING Circle is readying to hire advisers to prepare for a £1bn-plus float later this year.

The peer-to-peer business lender has reportedly told investment banks that it will hold a beauty parade before the end of the first quarter of … Read More

Funding Circle has now lent out $5bn globally

December 7, 2017 |

FUNDING Circle has announced that it has lent more than $5bn (£3.7bn) globally to small businesses, shortly after hitting the £3bn milestone in the UK.

The London-headquartered peer-to-peer lender, which also has operations in the US and Europe, said on … Read More

Government unveils financial package to support tech

November 15, 2017 |

THE GOVERNMENT has given a £21m boost to a technology programme that has supported firms such as Zopa and Funding Circle as part of a range of measures to boost the tech sector.

The funding will make Tech City UK … Read More

Grand Ambition

November 3, 2017 |

Funding Circle’s chief executive and co-founder Samir Desai would be forgiven for taking his foot off the pedal after leading the company’s stratospheric growth over the past seven years. But he is just getting started…

As chief executive and co-founder … Read More

Funding Circle: P2P better placed to keep up with changing borrowers

October 9, 2017 |

FUNDING Circle co-founder Samir Desai (pictured) has ruled out launching a bank as he outlined the advantages of running a peer-to-peer platform over traditional financial models.

Speaking at the LendIt conference in London, Desai said P2P platforms were better placed … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Funding Circle targets overseas growth as revenues soar

September 27, 2017 |

FUNDING Circle reported a 59 per cent jump in full-year revenue and narrowed its losses, as the platform eyes further international expansion.

The peer-to-peer business lender posted revenue of £50.9m for 2016, up from £32m the previous year, while losses … Read More

Funding Circle scraps manual lending and re-jigs rates

August 21, 2017 |

FUNDING Circle is scrapping its manual lending option for investors, changing its rates and updating its terms and conditions.

The ‘big three’ peer-to-peer lender said on Monday that it will launch an updated version of its autobid and autosell lending … Read More