Funding Circle is a British fintech that provides financing to small and medium-sized enterprises through an online lending and payments platform. Founded in 2010, it has facilitated over £15 billion in loans to more than 130,000 UK businesses and now operates with approximately 800 employees. The company is listed on the London Stock Exchange.
The business encompasses a range of lending products tailored to SME needs: business loans ranging from £10,000 to £750,000, FlexiPay (a flexible line of credit with repayment terms of one to twelve months), a business credit card offering cashback rewards, and government-backed Growth Guarantee Scheme loans. Asset finance is provided through specialist partner networks, whilst the company has recently expanded into a broader payments ecosystem with digital wallet integrations.
Speed is central to the platform's design: loan decisions can be made in as little as one hour, with funds typically deposited within 48 hours. Originally rooted in peer-to-peer lending, Funding Circle has evolved into a sophisticated institutional lending platform, combining algorithmic decision-making with a portfolio of financial products designed to serve businesses that may find traditional banking channels inadequate.
