Funding Circle shares soar as lender swings to unexpected profit Fintech Funding Circle swung to an unexpected profit in the first half of 2024 and raised its guidance for the full year as the small business lender looks to boost its flagging share price.
Funding Circle offloads US business for £33m in bid to stem losses Fintech Small business lender Funding Circle has struck a deal to sell its US arm to Florida-based iBusiness Funding for £33m as it looks to stem losses and boost its struggling share price.
Funding Circle: Fintech to cut 120 jobs as finance chief steps down Fintech Small business lender Funding Circle plans to cut around 120 jobs as part of efforts to reduce costs and boost its flagging share price. It also announced the departure of its finance chief.
Brent Hoberman launches PR agency for founders of fast growing start ups May 16, 2024 Hoberman's Founders Forum Group, which he co-founded in 2005 and is now executive chair of, has invested in the new business
Funding Circle looks to offload US arm and kicks off share buyback as losses deepen March 7, 2024 Fintech firm Funding Circle kicked off a £25m share buyback programme today and said it was looking to offload its loss-making US division in the hope of stemming losses and boosting its flagging share, the firm has announced.