About Funding Circle
Funding Circle (LSE: FCH) operates as a direct lending platform for business loans. The platform offers a variety of loans and features such as self-employed loans, unsecured business loans, a business loan calculator, recovery loan schemes, and more. It was founded in 2010 and is based in London, United Kingdom.
Expert Collections containing Funding Circle
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Funding Circle is included in 4 Expert Collections, including Fintech 100.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Excludes US-based companies
Latest Funding Circle News
Nov 28, 2023
Doorda, a British analytics-ready data provider, has partnered with Point Sigma, the world’s first fully end-to-end, autonomous AI-driven data analytics solution. Doorda’s trusted, unique data – gathered only from official sources in the UK – is now a core part of Point Sigma’s platform which broadens the reach of analytics to all decision makers and creates significant competitive advantage for clients. Identifying and swiftly responding to data-driven insights across a range of needs from marketing and credit risk through to customer service and collections is now a common, business critical requirement. The ability to access and analyse large amounts of data is a necessity, but with a large universe of data sources, understanding complex data set relationships, and applying analysis to provide those insights in a timely manner presents enormous technological and resourcing challenges. Combining their internal data with easily integrated Doorda data, Point Sigma is helping companies to save time and discover key insights from these large data sets in minutes. They are now able to test hypotheses around end-customer demographics, geographical, property and affluence data through self-service visualisations that are set up automatically without needing input from experienced data practitioners. Funding Circle was one of the first customers to benefit from combining the Point-Sigma and Doorda products. Part of the Funding Circle data landscape is a vast collection of public data from official organisations, such as local and national governments, regulatory agencies and other public bodies, all provided by Doorda. According to Rohan Karunanayake, Head of Existing Borrower and Investor Analytics at Funding Circle: “We know the value of this data, and already use it in our machine learning models. The question is: do we use all the relevant insights, and are we not missing anything important that could help us make faster and better decisions?”After spending just a few minutes with Point-Sigma exploring and using automatically generated insights, a junior Funding Circle data scientist was able to form a detailed understanding of many aspects of the business and its customers through visual exploration of statistical hypotheses that would otherwise have taken many months to complete, ultimately leading to faster and better decision making. Funding Circle uses sophisticated analytics to track its performance through a number of key indicators, such as campaign response rates, application success rates, credit scoring, payment performance and more. Leo Pape, CEO, Point Sigma, said: “Data is one of the most valuable assets for any organisation, yet few manage to unlock the full power it holds. Modern AI is still constrained by the demand for impeccably curated datasets, and particularly falls short in data analytics applications. Point Sigma applies the power of AI to understanding raw business data, empowering users to effortlessly explore data, enabling quick, informed decisions that drive value for its organisation, stakeholders and customers. Clifford McDowell, CEO, Doorda, said: “The universe of public data is expanding and evolving, and it is imperative for companies to associate that vast variety and volume of data with their other data to swiftly drive transformative insights and business outcomes. We are delighted that clients such as Funding Circle are deriving great value from our data and joint projects with Point Sigma”
Funding Circle Frequently Asked Questions (FAQ)
When was Funding Circle founded?
Funding Circle was founded in 2010.
Where is Funding Circle's headquarters?
Funding Circle's headquarters is located at 71 Queen Victoria Street, London.
What is Funding Circle's latest funding round?
Funding Circle's latest funding round is Corporate Minority - P2P.
How much did Funding Circle raise?
Funding Circle raised a total of $639.79M.
Who are the investors of Funding Circle?
Investors of Funding Circle include T. Rowe Price, Heartland, Nesta Open Up Challenge, Index Ventures, Union Square Ventures and 11 more.
Who are Funding Circle's competitors?
Competitors of Funding Circle include iwoca, Zopa, CircleUp, SteadyPay, Nuula and 7 more.
Compare Funding Circle to Competitors
Prosper operates as a financial technology company. The company offers a range of financial solutions including personal loans, credit cards, and home equity lines of credit, which are designed to support customers in consolidating debt, financing home improvements, covering healthcare costs, and enhancing their financial well-being. Prosper primarily serves individuals across the credit spectrum, providing them with affordable financial solutions. Prosper was formerly known as Auto Quick Invest. It was founded in 2005 and is based in San Francisco, California.
Amount develops digital banking and financial technology solutions. The company offers a suite of products and services that enable financial institutions to provide mobile banking experiences, including swift loan approval, automated account origination, and flexible payment solutions. Its primary customers are financial institutions and their merchant partners. It was founded in 2020 and is based in Chicago, Illinois.
Zopa operates as an online lending marketplace. It offers loans, car finance, credit cards, fixed-term savings, debt consolidation loans, and more. It was founded in 2005 and is based in London, United Kingdom.
Lendio operates as an online lending marketplace for small and medium-sized enterprises (SMEs) and lenders including banks and alternative loan providers. It offers business financing, small business loans, building business credit, business loans, and more. It was founded in 2011 and is based in Lehi, Utah.
Avant provides a digital lending platform. It includes personal loans, credit cards, mobile banking, and auto refinance. The company was founded in 2012 and is based in Chicago, Illinois.
iwoca is a financial services company that focuses on providing flexible funding solutions for small businesses. The company offers business loans for purposes such as purchasing new stock, investing in growth plans, or maintaining smooth cash flow. The company was founded in 2011 and is based in London, United Kingdom.