# Funding Circle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/funding-circle

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.fundingcircle.com
- Total disclosed funding: $386M
- Latest round: Series F (Jan 11, 2017)
- Investors on record: 10

## About

Funding Circle Limited facilitates peer-to-peer lending, connecting small and medium-sized enterprises (SMEs) with investors seeking to fund their business needs through various financial products.Funding Circle Limited, founded in 2010 and headquartered in London, UK, specializes in providing financial solutions for SMEs. The firm has successfully raised GBP 300.00 mn through an IPO on September 28, 2018, selling 68.2 million shares at GBP 4.4 each. The company was co-founded by NG NM and is currently led by CEO Simon Davis and Winton Tripp. Funding Circle has executed eight deals since its inception.Funding Circle specializes in a range of financial products designed for small and medium-sized enterprises (SMEs). Core offerings include business loans ranging from GBP 10,000 to GBP 750,000, shorter-term loans for quick cash flow management, and a FlexiPay service providing interest-free credit lines between GBP 1,000 and GBP 250,000. Their clientele spans various industries across the UK, Europe, and the US, emphasizing their focus on delivering efficient financial solutions.In the most recent financial year 2024, Funding Circle reported revenue of GBP 206,671,502.10 and an EBITDA of GBP 18,277,071.60. The company's revenue streams primarily originate from interest and fees related to their lending products, including business loans and a business credit card that offers cashback incentives.Funding Circle plans to utilize proceeds from its IPO to enhance its product offerings and expand its market reach. Specific initiatives include the launch of new lending products targeting underserved sectors by mid-2025. The company is also exploring opportunities to expand into additional European markets, aiming for completion by late 2025, leveraging its recent capital raise to support these strategic growth plans.

## Funding rounds

- Series F, Jan 11, 2017, $100M — Accel, Index Ventures, Temasek Holdings, Union Square Ventures, Baillie Gifford, DST Global, Rocket Internet SE, Ribbit Capital, Sands Capital Alternatives
- Series E, Apr 17, 2015, $161M — Temasek Holdings, Baillie Gifford, DST Global, BlackRock, Sands Capital Alternatives
- Series D, Jul 2, 2014, $63M — Accel, Index Ventures, Union Square Ventures, Ribbit Capital
- Series C, Sep 13, 2013, $41M — Accel, Index Ventures, Union Square Ventures, Ribbit Capital
- Series B, Mar 28, 2012, $16M — Index Ventures, Union Square Ventures
- Series A, Mar 9, 2011, $4M — Index Ventures

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B, Series C, Series D, Series F
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series B, Series C, Series D, Series F
- Accel (https://capitalatlas.ai/funds/accel) — Series C, Series D, Series F
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series C, Series D, Series F
- Temasek Holdings — Series E, Series F
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series E, Series F
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series E, Series F
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series E
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series E, Series F
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series F