Funding Circle is the largest small business P2P lender in the world. Funding Circle is the world’s leading online marketplace lender exclusively focused on small business. By combining technology with industry-leading risk management models, Funding Circle provides small businesses with access to fast, fair and transparent finance and investors with access to attractive returns through an online marketplace. Since Funding Circle’s foundation in 2010, small businesses have borrowed more than $2 billion globally to grow their businesses, create new jobs, and ultimately accelerate economic growth.
Watch Sam Hodges, US Managing Director of Funding Circle, at LendIt 2014 (http://www.lendit.co/) telling how their credit process looks like, allowing to lend SMEs globally and attract investors.
To provide small businesses with access to fast, fair and transparent finance and investors with access to attractive returns through an online marketplace.
Unique Value Proposition
Streamline credit process both for SME customers and investors.
- Process steps and timeline: n/a
- Current status and progress: Launched in 2010
- Overall: $60M in backing from Accel, Index, Union Square Ventures, and Ribbit Capital
- $2 billion lent by February 2016
- 47,000+ people and institutions lending
- 15,000+ loans funded