Funding Circle: against COVID-19 Company
Entity: Funding Circle
Category: FinTech and Digital Economy
Description: Funding Circle is a lending platform for small businesses. When Funding Circle was founded, they could see that businesses weren’t being given the finance to grow, while investors were making poor returns. They had a simple idea — let them support each other. By lending directly to businesses through Funding Circle, investors can now earn attractive returns to better provide for their future. Businesses get fast, easy access to funding to grow, create jobs, support local communities and drive the economy forward. They believe it’s better for everyone.
Project: Coronavirus Business Interruption Loan Scheme through Funding Circle
Summary: Funding Circle has become the UK’s first Fintech to receive accreditation from the British Business Bank (BBB) to take part in the government’s coronavirus business interruption loan scheme (CBILS). Funding Circle will fund the loans itself alongside new and institutional investors.
+ Investors:
Waterfall Asset Management
DST Global
Rocket Internet
