Company
Funding Circle Holdings PLC
LON:FCH
Funding Circle is the UK’s leading SME finance platform. Since 2010, the company has extended more than £18bn in credit to over 135,000 UK businesses, helping them power the economy and their communities. By combining proprietary AI-powered credit models with a human touch, Funding Circle provides a seamless experience that allows SMEs to borrow, pay later, and spend through a single ecosystem.
25 stories
Funding Circle surges as it makes strong start to 2021
The peer-to-peer lender said as a result of its strong performance its income and earnings are now expected to be “well ahead of previous expectations”
Funding Circle turns a corner as small businesses switch to its peer-to-peer lending model
"Covid-19 has changed the SME lending landscape. Over the past 12 months we have seen an acceleration in the adoption of online borrowing," Funding Circle said.
Funding Circle spikes after becoming provider of UK government coronavirus business loan scheme
The lender will fund loans on behalf of the British Business Bank's CBILS scheme
Funding Circle cuts revenue guidance as Brexit uncertainty hurts demand
"The uncertain economic environment has reduced demand from small businesses and led us to proactively tighten lending criteria,” said chief executive and co-founder Samir Desai.
Archive
Is London's fickle funding appetite part of Lasker's 'disastrous' cycle?
Stock market sage Bernard Lasker once said: “I can feel it coming...A whole new round of disastrous speculation, with all the familiar stages in order: blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then a g
Investments and investor services
Funding Circle delivers record loans under management in the first quarter
Growth in loans under management and new business contributed to a 40% jump in revenue in the first quarter
Investments and investor services
Funding Circle tumbles as sister fund decides to sell up
Since it listed in 2015, FCIF has returned around 5% a year on average
Funding Circle reports wider 2018 loss on IPO costs but shares rise on positive outlook
The peer-to-peer lender expects its loss to narrow and revenue to grow in 2019
Funding Circle expects 2018 revenue to beat estimates after strong end to the year
“We enter 2019 with continuing confidence and remain focused on delivering our growth strategy set out at IPO," said Funding Circle boss Samir Desai
Funding Circle shares plunge to fresh low on reports of Citigroup downgrade to ‘sell’
In early afternoon trading, Funding Circle shares – which are due to join the FTSE 250 index from the start of trading next Monday – had dropped by 23.5% to 247.65p, well below its 440p float price
Thomas Cook sees late rally but commentators still expect travel firm be demoted from FTSE 250 index following quarterly reshuffle
Thomas Cook shares edged up 0.5% to 23.76, having recovered from an earlier slide which took the stock to a low of 19.69p, a near 60% drop over the past five sessions since the group issued a profit warning
Funding Circle SME Income Fund downgraded to 'sell' by Liberum
Liberum downgraded its rating on the fund to 'sell’ from ‘hold’ and cut its target price to 89p from 109p
Archive
Funding Circle wriggling free of the grip of short sellers
After setting the IPO price at the bottom of the range failed to prevent a disastrous stock market debut for Funding Circle, the stock is beginning to recover. It's a tricky stock to value because of the alleged disruptive nature of the pee
Funding Circle almost back to float price after reassuring trading
The peer-to-peer lender advanced £564mln in the last three months
Archive
Vannin Capital scraps IPO plans after recent flops from Aston Martin and Funding Circle
Richard Hextall, the group’s chief executive, blamed “volatility experienced in the equity market” as the reason behind the abandonment of the IPO
Archive
Aston Martin flop leads to reported IPO devaluation for law firm Vannin Capital
The news was followed by another poor showing from the luxury car maker on Monday as its shares began the first day of full trading
Funding Circle rival Zopa narrows losses as it invests in digital banking
Zopa is currently pursuing a banking licence for its financial services arm
Archive
Aston Martin and Funding Circle deserve the cold shoulder
Two high-profile flotations this week have both received flat receptions and it may just be that the book-runners got a bit too greedy
Hardware & electrical equipment
Funding Circle tumbles further as official trading begins
If the company's advisers thought that by cutting the IPO price the shares had been "priced to fly", they made a misjudgement
Investments and investor services
FTSE 100 closes higher midweek, but Tesco takes a hit
Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
Funding Circle trims price range for upcoming London IPO
Last week, the lender said it would issue shares at between 420-530p as part of the IPO but that figure has reportedly been cut to between 440-460p